Today, Bitcoin is close to the 20,000 mark more than ever after the historic peak recorded in December 2017.
Suddenly, however, the price of Bitcoin fell by more than $ 1,000 in a matter of minutes from the level of $ 19888 on Binance to the level of $ 18860.
But he quickly bounced back and breached the $ 19,000 level again at the time of writing this article.
For your information, Bitcoin opened today at $ 19695 on Binance, after which the bitcoin price continued to rise slowly, reaching $ 19,888.
But it suddenly fell to the level of $ 18,473, which is the lowest price it reached today.
It is worth noting that Bitcoin closed at its highest monthly price ever yesterday, after the bitcoin price hit a new record high ever.
But this is not the first time that Bitcoin has stumbled during the current rally.
Last week, Bitcoin fell by $ 3,000 in a matter of minutes as well, then recovered over the following days, then hit a new high again.
What is striking about Bitcoin's price movement these days is the speed of decline and the speed of the bounce.
Bitcoin price recovered at nearly the same speed as its decline, although it did not return to the level it had hit earlier.
Experts noted last week that such sudden dips could be due to the historical and psychological importance of the $ 20,000 level.
Igor Rontes, BitRiver's founder and CEO, told the source:
Today's drop appears to be a temporary correction from the $ 20K price level, and is likely caused by fear, uncertainty, and uncertainties brought about by today's news.
Whatever the case, perhaps some turbulence should be expected because Bitcoin is making history again.
Nothing comes easy.