# Bitcoin Price Dump Example Did you heard this statement: “Without warning Bitcoin just dumped”? These are words spoken by traders and analysts when looking at Bitcoin's daily price chart candlesticks on March 12, 2022. Our research indicates that using hourly price chart candlesticks can be exceptionally valuable when conducting Bitcoin price analysis. This is clearly illustrated on the next chart. The hourly chart was already showing a clear downward trend for Bitcoin. This is the BTC/USD price chart from Mar7th thru 12th with 1-hour candlesticks. The QC Trend algorithm turned bearish based on the price movement, from a price of \~$9,200 to $8,800. This decrease would prove to be just a small percentage of the upcoming price drop to $3,978. The heavy volume and lack of liquidity caused the Bitmex exchange to go down during the price dump. This is a clear example of a liquidity crash. The Bitcoin price rebounds 15 minutes later to $5,743 when liquidity was restored. {% file src="/files/Zw1YWTiHrCjIqOhGEDDb" %} Trend Signal before Bitcoin Crash {% endfile %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://quantify-crypto.gitbook.io/the-quantify-crypto-trend-algorithm/bitcoin-price-dump-example.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.