Bull run is over. Welcome to the consolidation period.

[numismatist]

- ETF was denied because Bitcoin is not something that can be regulated
- we may argue that regulators went to far here and killed innovation ETF could bring

Nevertheless there has been rumors of at least two other ETF approaches ongoing besides the Winkelwoss one, but I cannot dig where I picked that up! Must have been a posting inside this forum subpart. It's not a single thing to kill off.
However on the long term an ETF tradeable product is inevitable, somewhere around the world some tiny location just would have to reach out it's hand to grab hold. And if we have to use rupees or rouble to get access, doesn't matter.

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[Ted E. Bare]

I do not see consolidation.

[york780]

Meh. Maybe i was wrong. We will see. Maybe bitcoin skips consolidtion and small last dump before next bull run

[numismatist]

Meh. Maybe i was wrong. We will see. Maybe bitcoin skips consolidtion and small last dump before next bull run

How would you argue about the last three hours? 1200$ are the new consolidtion level with an upswing pushing right through.
During last week I did clicked so many urls containing "ETF" that I'm now uncapable of finding relevant information again. Small doubt remaining if it was relevant, after all.

[eaLiTy]

Meh. Maybe i was wrong. We will see. Maybe bitcoin skips consolidtion and small last dump before next bull run

You are wrong in this case and so is the case with many users as some expected that the price would go down and consolidate after the rejection of ETF but people are buying back the coins with every dip and so is the reason we are not seeing much of a difference now and there might be other financial difficulties throughout the world that holds the price,only time will tell.

[anonbit992]

It does seems like bitcoin consolidating which gives fresh opportunity for investors to add some bitcoin to their crypto portfolio. Some investors are swapping their bitcoins for dash and monero and even for ethereum but I decided to buy some bitcoins and planning to hold on for some years.

[Rude Boy]

I also think the price will be circulate within 1100$.It's good though since it would or might attract new investors to come in since bitcoin right now is consolidating in a price that is so big based on it's history and graphs. Because, investors till now using paper currency. So,the price variation between the country to country.

I really do hope  we would consolidate in these price for a couple of months before it makes a move again downward or upward so that many will be given the chance to buy or sell for those holders who bought at 200$ price below. Probably the price might increase for the upcoming few weeks as the price increase has took place even on expected scenario of a steep fall.

[BitcoinHodler]

Looks like the bull run of the couple months is temporaly over. Time to have a nice consolidation period around 1100$. Let the dust settle and let bitcoin cool down. We need to stay at this price for a couple of months and let it be the new bottom. Its better for our market, traders and bitcoin's biggest problem: trust.  Average Joe needs to believe in bitcoin to make it succesfull. Spread the news folks!

it is pretty funny because price is already back above $1200 now

to be honest i was expecting another boring state when price stays low and everyone yawns in the speculation board but it seems like the market has been very ready for this rise and the demand (specially with all the money they got in the last rally) is buying bitcoin up again towards $1300 once again.

[Vaccinus]

I think that this movement look a lot like the 9-2-2016 scenario.

-Pump
-Dump
-consolidation for 2 months ( we are here now)
-next dump (small)
-bull run can continue again

man this is the same pattern of bitcoin for every scenario that happened, not only 2016, LOOK at the precedent chart and pump and dump, they are all very similar, this is what i call manipulation

I do not see consolidation.

isn't holding the same price for a long time called consolidation? bitcoin is now stuck at the same value from many weeks, i call this consolidation as well

[pacifista]

Looks like the bull run of the couple months is temporaly over. Time to have a nice consolidation period around 1100$. Let the dust settle and let bitcoin cool down. We need to stay at this price for a couple of months and let it be the new bottom. Its better for our market, traders and bitcoin's biggest problem: trust.  Average Joe needs to believe in bitcoin to make it succesfull. Spread the news folks!

Its a bull for the whole year of  2017. I can guarantee that bitcoin will reach $1500 by the month of june.,and will continue to go up on the rest of the month. Maybe 1800$ by december.

[aardvark15]

Looks like the bull run of the couple months is temporaly over. Time to have a nice consolidation period around 1100$. Let the dust settle and let bitcoin cool down. We need to stay at this price for a couple of months and let it be the new bottom. Its better for our market, traders and bitcoin's biggest problem: trust.  Average Joe needs to believe in bitcoin to make it succesfull. Spread the news folks!

Its a bull for the whole year of  2017. I can guarantee that bitcoin will reach $1500 by the month of june.,and will continue to go up on the rest of the month. Maybe 1800$ by december.

It's quite surprising that the price is staying high. I expected a drop after the rejection of the Bitcoin ETF, but the drop wasn't as much as expected and it is already moving back up.

[lionheart78]

I could see the price drop more since it has had such big increases over the last few weeks. It's time for a correction especially after the ETF was not approved. I think it could drop quite a bit lower than the current price.

I do not think that bitcoin price will drop very low, maybe due to correction but not because of the ETF rejection.  The crash due to ETF rejection is over, Bitcoin had recover its price.  I do believe that all the previous run had been stopped by ETF rejection and the current price is probably the real price value of Bitcoin.   I also believe that the next week would be interesting, would the Bull continue to run after being trapped in an ETF hype?

[jakelyson]

- ETF was denied because Bitcoin is not something that can be regulated
- we may argue that regulators went to far here and killed innovation ETF could bring

Nevertheless there has been rumors of at least two other ETF approaches ongoing besides the Winkelwoss one, but I cannot dig where I picked that up! Must have been a posting inside this forum subpart. It's not a single thing to kill off.
However on the long term an ETF tradeable product is inevitable, somewhere around the world some tiny location just would have to reach out it's hand to grab hold. And if we have to use rupees or rouble to get access, doesn't matter.

The reason of disapproval given by SEC ruled out any ETF to be approved in the future. They may apply again but the same reason will be given and they will be rejected again.

Back on topic.

The price is still moving up, though not as fast as last month. It go sideways a bit and then move up again.

[aso118]

Looks like the bull run of the couple months is temporaly over. Time to have a nice consolidation period around 1100$. Let the dust settle and let bitcoin cool down. We need to stay at this price for a couple of months and let it be the new bottom. Its better for our market, traders and bitcoin's biggest problem: trust.  Average Joe needs to believe in bitcoin to make it succesfull. Spread the news folks!

Its a bull for the whole year of  2017. I can guarantee that bitcoin will reach $1500 by the month of june.,and will continue to go up on the rest of the month. Maybe 1800$ by december.

It's quite surprising that the price is staying high. I expected a drop after the rejection of the Bitcoin ETF, but the drop wasn't as much as expected and it is already moving back up.

There was a drop (of up to $300), but the price recovered quickly. I agree with the OP that there will be consolidation, but I think it will happen over a range from $1100 to $1300. If the ETF had been approved, there would have been a true bull run.

[Herbert2020]

it is funny how all these old topics from a couple of days ago before all the ETF drama are being bumped today. OP's consolidation period lasted for 2 days or less instead of couple of months.

and the worst one of the speculations in this board from those days are users who were calling $700-$800 bottom nonstop in each ETF related topic, to a point where it started to get annoying.