I think up is more likely. If it were to drop down there was nothing keeping it from going down right now, there are no buyers and no hype so if anyone wants to bring it down they can and they would had no trouble at all doing it, the prices are staying still almost all day which means you can collect 50+ million dollars worth of bitcoin everyday for the past 50 days at these levels and than all of a sudden sell all of it together at once and drop the price, no one would have done anything to stop you.

However to get it bigger you would have to get prepared a lot harder and need bigger capital. So, I think we are preparing for a lift off. Usually how down a market goes, it will lean double to triple of it. I remember some Forex analyst told me about the downtrend, it is like a power gaining phase for a future upward movement, who knows, bitcoin market might be in power gaining phase right now.