Short term, who knows? We just had a bubble and the price has been steady - at least as steady as Bitcoin goes - for a few weeks now. It's hard to predict where prices will go short term.
Long term, though... say over the next few years? I expect trend for the price of BTC will be up. This is due to:
1) Distrust in governments and the use of crypto-currencies as a hedge against inflation;
2) The desire for some people to purchase... less-than-reputable goods or services;
3) The interest of people in general into Bitcoin (critical mass);
4) BTC will become very difficult to mine without ASIC equipment;
5) By its very design, BTC is deflationary.
People don't like uncertainty. These are uncertain times. That only bodes well for most crypto-currencies, but especially Bitcoin because it was established first and is the leader.
Just my thoughts.... which are worth about what you paid for them!
The Extreme