Bitcoin has been relatively quiet compared to general movements and other cryptocurrencies such as Doge Coin and Ethereum in recent years.
After falling briefly below $54,000 on Tuesday, it has now risen to nearly $4,000.
Some market analysts claim it's a consolidation period ahead of another potential bullish towards more than $100,000. Others predict it will drop to around $30,000.
One of the most optimistic experts is PlanB. PlanB's inventory flow model has proven to be surprisingly accurate to date. He seems to be expecting another price spike