If history repeats itself, maybe we'll see BITSTAMP:BTCUSD going down to the area marked with the red .
On the 4H chart, BTC is already touching the near-term uptrend that started on October 24th, and just 100 dollars away from the MA100. It it breaks those levels, a bigger fall seems likely.
Let's see what happens!
If we have another red candle closing below the MA100 on the 4H chart, the price might continue falling to the $ 6200 level (older uptrend) and then to $ 5800.
The price has fallen below the MA200 level, and it seems that the fall will continue as expected.
There seems to be strong support in the $ 5800-$ 6000 area, but unless we get above $ 6300 in the next hours I think that the downtrend will continue.