Bitcoin (BTC) does not just go up and down, breaks supports and resistances based on sudden whims. Most traders are so focused on the 15 min chart that they miss the big picture. They fail to realize that major trading on exchanges is done by algorithmic bots. These bots are programmed to print a certain set of patterns. Have a good look at the above daily chart for BTC/USD. This is a pattern currently printed by the bots for us. To the amateur trader focused solely on smaller time frames, this is a disaster! The price just broke an important trend line that it held since September. This is a clear sign of weakness as Bitcoin (BTC) does not have enough momentum to hold support. However, I propose to you that this is not a sign of weakness, but a sign of manipulation.