1. BTC is touching the 0.5, sellers loosing volume. Could possible bounce here but due to a lack of support and squeeze may it drop to 2.
2. If BTC breaks scenario 1 it will fall at least to the 0.168 level around 8K, also a strong support at this level. I think it won't fall any further. If it does, the market will turn bearish for at least 1 month.