Price seems to have been trading sideways for three days already. Bears are aggressively fighting with bulls, and the demand for bitcoins, which had been overwhelming the supply recently, looks like being balanced finally at sub-$800 levels. People are obviously now fixing profits. If the number of bears runs dry faster than the number of bulls we will break through the resistance at $800. Else we could crash down to $750 with a quick selloff commencing.
Not being a bear, I am still surprised how good Bitcoin price is behaving. We are observing a solid growth, or at least price is not descending for a little while already. There is nothing bad about cooling down the indicators a little bit. Now having said that, I expect the price to correct a bit more after Christmas, as these who want to get the profits will do that before year end, for tax reasons.