Last time it stayed sideways it decided to go down. The reason in my opinion was because people wanted to sell before the end of the year for tax purposes to claim capital loss. I think if it stays sideways for some time now, the move will be upwards. I think by May we will see significant moves. These are my predictions. :)
@geekgirl, thanks for your comment.
Yes, I believe that the tax harvesting may have been a factor, it’s impossible to know for sure how much.
Last time we had days of sideways the volume just dried up and we snapped down 35%, ouch! Volume is key so i`m keeping a close eye on it.
I am a huge BTC bull for the long term but must admit that another snap down the the 2K area looks very possible, I would love to be wrong :-)