With the holidays coming, no real/true change to what Bitcoin currently brings to the masses, it is almost certainly going to go down from this point. Most likely breaking and staying bellow the $300 point.
Unless there is another speculation run up.
Because you think people will sell their coins for fiat to buy goods and gifts? If they are securing profits to buy stuff for the holidays, then it's fine since it is profit. But if people cash out because they don't have other money free to buy stuff for the holidays with, then it means they are investing the money they need and can't miss in their private life into Bitcoin. That's when things start to go wrong.
I do think we'll hold the $300 price level. If we advance a bit further the comming weeks, then we are more likely to see that price level being maintained as dumps will then not push it below $300. If they want to see it below $300, they can, but if whales have already accumulated enough coins, then there is no reason for them to do it.