Not the worse change of trend for Bitcoin. Not surprising after a new all time highs Bitcoin cools off a tad. It's cool to see that most of the price recognition for October has happened at $60,000 - $61,000 serving as the point of control (POC). Since we've hit new all time highs the trend has been pointing down. We've really been flirting trying to hold support at $60,000 but as long as this short term trend is down the $55,000 -$57,000 area will be very important to hold if price continues to decline. We have lost momentum on the stochastic RSI on the daily and have bearishly diverged on our MACD so keep that in mind as a change in trend could come. But as of now the trend is pointing down. We may be on the way to retesting the 0.786 Fibonacci level at $56,200. Price and sentiment are holding up well for Bitcoin still.