We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.
Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.