As the parties wind down in the US and the impending hangovers begin to fester, Bitcoin is taking a breather. In what appears to be the beginning of a consolidation phase, BTC has dropped around 8% on the day. Bitcoin Price Falls Back To $11000 The epic 25% bounce back from the depths of $9,600 took Bitcoin price to $12000 briefly yesterday. For the duration of the fourth, it managed to consolidate around $11,800 butRead MoreThe post Bitcoin Price Begins Consolidation; Markets Cooling Down appeared first on Bitcoinist.com.