Bitcoin (BTC) had a steep decline yesterday. During the last hour of trading, it plunged further into the red. This marks the completion of the final wave of capitulation. Bitcoin (BTC) has now begun the day in green. However, all of this happened for a reason. First of all, BTC/USD was trading in a big rising wedge on the 4H chart. It had to break below it at some point. Most news outlets linked the fall to a stock market meltdown, but it had little to do with that. It is possible though that investor (s) with large stakes in Bitcoin (BTC) feared a correlation and panic sold. However, in this market, one man’s loss is another man’s gain. The dumped Bitcoins (BTC) were happily picked by other investors and the price started rising again.