Once bitcoin drops below $8,000 it will be below its 200-day moving average, which will be a further technical breakdown on its chart. Once its below $6,000 its into new "lower lows" and so many people will be deeply in losses that the selling pressure will increase as panic sets in. (Closes below these levels and time sustained below them are what's needed, for this to be the case). https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/technical-analysis/IOSU6hIfr0e_ddd3b0bprg/hhCdbw5q7ESyO5lSgC-wFA
Each quarter, the "big boys" in the market have to report their positions because they're so large. Once those reports are made public, it shows what stocks they're adding to or reducing their exposure in and what stocks they've recently bought or completely sold out of.