I don't think bitcoin is following the alts. I think there are probably other economic reasons for the btc price fall.
Topic: [2014-08-15] BTC/USD Technical Analysis –14th August 2014 (Read 838 times)
http://www.forexnews.com/blog/2014/08/14/bitcoin-btcusd-technical-analysis-14th-august-2014/
Judging by the sequence of events, it would seem that Bitcoin is following the lead of Litecoin and the alts, which have been caught in one of their most disastrous declines in recent memory. It just seems wrong, if not irrational, to claim the Bitcoin follows the alts. More plausible is the theory that a major drop in sentiment gripped the entire crypto world, with riskier assets like alts dumped first and at a quicker pace. Bitcoin on the other hand exhibited the reverse profile, edging first toward critical support levels, after which declines accelerated. - See more at: http://www.forexnews.com/blog/2014/08/14/bitcoin-btcusd-technical-analysis-14th-august-2014/#sthash.4uHVteh5.dpuf
Judging by the sequence of events, it would seem that Bitcoin is following the lead of Litecoin and the alts, which have been caught in one of their most disastrous declines in recent memory. It just seems wrong, if not irrational, to claim the Bitcoin follows the alts. More plausible is the theory that a major drop in sentiment gripped the entire crypto world, with riskier assets like alts dumped first and at a quicker pace. Bitcoin on the other hand exhibited the reverse profile, edging first toward critical support levels, after which declines accelerated. - See more at: http://www.forexnews.com/blog/2014/08/14/bitcoin-btcusd-technical-analysis-14th-august-2014/#sthash.4uHVteh5.dpuf
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