Bull run is over. Welcome to the consolidation period.

[york780]

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!

[Seansky]

I also think that the price will be stable at 1100$ price ranges. 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. I really do hope that we would consolidate in these price for a few 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.

[FiendCoin]

I think the next couple of weeks will be interesting. I can't imagine sideways trading to continue much past that. Bitcoin is still undervalued. At some point the price will rise and a another bubble will ensue, maybe not this year or the next but probably within three.

[Vaskiy]

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. $1200 seems to be the price tag for the consolidation as the fluctuation is happening between with frame of $1180 and $1220.

[aardvark15]

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.

[ImHash]

Today's key word is consolidation if you haven't figured it out yet then you are not fit for this community. we all know that news from trusted sources have great impact on bitcoin's price and we all gladly take advantage over drops and rises.
Bitcoin has always acted as a natural event when nature always balances things out bitcoin will always correct it's course and eliminates any artificial manipulations.
Only prices under $900 would be alarming.

[X-ray]

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!

The bulls end and a lot were expecting about the big bearish are not happening. We on the steady way for the couple weeks later. If the price of bitcoin gets pump in the future and it goes with the stable price and strong community.

[pooya87]

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!

a couple of months? i don't think so. but yeah, there will be a short term stable period when we only see $1150 plus or minus $10-$50 fluctuations and yeah it is good for bitcoin as things settle down and everyone gets ready for the next step of the rise.

but i disagree with the average Joe part. an Average Joe doesn't look at the short term price fluctuations unless he wants to become a day trader. he looks at two things: either the long term and how price went up compared to last year and last year and so on.
or he looks at how adopted bitcoin is, how and where he can spend bitcoin and which shops online or offline accept bitcoin.

[Hazir]

Small price decline, no higher than 15%, and extended period of consolidation and stability was exactly what I was expecting will happen after ETF decline.
Glad that I understand the market enough to notice pattern here. Some valid observations:

- we didn't have price panic as some FUDers suggested
- 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

[Pursuer]

Looks like the bull run of the couple months is temporaly over.

bitcoin is always on a bull run
sometimes it is slower and sometimes it is faster.

Time to have a nice consolidation period around 1100$. Let the dust settle and let bitcoin cool down.

it is just the correction price after the fast rise of the ever lasting bull run. and the dust settles for the market makers fast when the price went down in the first dip.

We need to stay at this price for a couple of months and let it be the new bottom.

nope, those who wanted to get out and then get in at the bottom have already done that and made the profit they wished for.
a couple of months is way too long for staying at the same price. and if we do stay it will be because of unpredictable events not because market needing to settle down.

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!

average Joes trust bitcoin not the short term fluctuations.
and it is up to you, when spreading the word, to talk about bitcoin and tell them about it as a currency not a wild swinging commodity that has high risks.

[isoneguy]

The game is just beginning.

Many did not believe until it hit 1k again.

A few more years and we'll remember these days with nostalgia...as we remember 2013.

The best part is how all the altcoins will jump in value without the ETF approval.

[Denker]

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.

The run up of the last 2-3 months definitely wasn't due to a very very small chance of an ETF approval.It's because Bitcoin is gaining more and more traction and builds out a strong basis close to or slightly above $1000!
Furthermore the price went crazy two days ago, as expected, and now seems to cool off a bit. That is good.
I can not predict the direction we will go the next week,and if it there will be some wild moves again or not, but I'm sure we will continue moving up this year.Some sideways movement for a few weeks or so wouldn't be that bad by the way. Some will use this as a chance to buy into Bitcoin ot accumulate some more of it.
So if you're in for long you shouldn't give a damn what's going to happen the next few weeks or months.
If you want to trade however, especially in short term, well that's a different thing.

[Zadicar]

Observing on the chart we are really on the consolidation period and the bull run is over but we cant still be sure since price of bitcoin does always surprise us.We dont know exactly on when it would move up or down.
Adoption would really be a big factor to increase more the price of bitcoin.

[kehtolo]

I thought that too.. until 2 minutes ago..

Like, that would be the normal thing to do.. side ways around 1200 for a while..

I'm not so sure now. Now I think.. "consolidate, my ass... - to the moon inside a couple of weeks"

I don't think I've ever felt so bullish.

[kehtolo]

I just deep down feel the ETF rejection was a good call and is actually a benefit.. and also that the segwit / core / blockstream / BU drama will get sorted soon. LN? SegWit? tumblebit, mimblewimble.. layer 2 scaling solutions? there is a lot of talk.. and somehow.. somehow it will all be sorted out for the best.. that then, is blastoff.

[Joel_Jantsen]

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!

As if it's in our hands to decide the prices haha if it was,I'd have hiked them to $100000 +.Type of speculation threads we get these days..
Let the bitcoin cool down ? How does bitcoin cool down bro ? Please give me an technical overview if you wish anyone to take your post seriously..

[york780]

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

[Ted E. Bare]

Yorky your predictions are all over the place. One day you say dump, other day you say pump, then you say consolidation... You know nothing.

Meanwhile the bitcoin price and demand is increasing.

[york780]

Well all those 3 things happened like i descrived above. Its the pattern i am talking about. Its clear that you cant see it. Thats why i am trying to explain.

[kehtolo]

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

Wish you'd use the name of the month instead of numbers.. this amreican/european date format can be confusing