Bitcoin has a tendency to not be flat for too long before it makes a big move. To look at it from a different point of view, let's see the 1-day candles from the OKCoin weekly futures contract with bollinger bands to illustrate:
However on the lower time frames we are in a brief downtrend, so this time the move may be in the opposite direction, see the 4-hour on Huobi of BTCCNY:
In the futures market we see slightly bearish sentiment from the spreads from OKCoin:
At CryptoFacilities, where they have further contract horizons, we can see that the forward curve is quite flat, all the way out to December the price is barely at fair value:
There has not been much talk about Classic or any network issues, so there could be a stealth bull play here even though sentiment is kind of negative.
If you are concerned about the price dropping, don't forget to just sell futures on CryptoFacilities or BitMEX and earn bitcoin as the price drops to help offset the fiat value reduction.