all these ups and downs for the past month or so has been because of ETF. the rise was building up nicely with a slow pace when the ETF drama started and we suddenly saw a surge. then they denied Winkle brothers ETF and we had a drop then they postponed their decision for another ETF and we had another drop.
all everyone is talking about these days is ETF. some even talk about it as if bitcoin would die without it!!!
when all that goes away we will have a much calmer market. it will still be bitcoin and volatile but at least the drama would be lifted.
But then there might be some new drama. In the last year the price has suffered from wild swings because of forks and ICO/crypto bans. There was a small drop when Winklevoss ETF got rejected, then there was a huge drop before SegWit signalling period, follow by a pump due to successful outcome, then we had a crash when China banned exchanges and so on. There are still a lot of impactful events in the future, maybe it will be something about Lightning Network, maybe some regulations or adoption by big companies.