Bitcoin has respected the down-sloping channel since its high at 12499. I expect continuation until the bottom of this channel (11050-11100) before a last ditch effort at recovery towards the 11500 (top of channel). I expect a further dump at resistance to at least 10800. If 10800 breaks a move to 10400-10500 is immediately in the cards, or a recovery to roughly 11100-11200 before the next decision time.