1- Bitcoin manages to muster up some strength and barrels through the moving average. The is looking healthy and pointing upwards.
2- Bitcoin will test the 200 MA again and fall to the bottom of the channel (blue dotted line) where it will have to decide whether it wants to give it another try.
3- Bitcoin will fall hard and continue its decline past the channel, in order to gather some fresh money and momentum. This will throw the market into a tantrum, where new lows are very possible.