The descending channel started back when the price hit the 4033 satoshis level in which I started to watch the price slowly loose its value. There was an attempt to break the pattern when it was above the 2795 satoshis monthly level but soon after loose the momentum and fall back to the 2130 satoshis monthly level. Now it can just think of it to hit the 700 satoshis level which I've previously seen but it will also seems that breaking the resistance and hopefully a new move will be started afterwards and a rebound and recovery will be on sight.