What is going on with bitcoin ? there are many fluctuations in short span of time within a limit of $500? but bitcoin is unable to reach a new landmark and trailing around $4000. what's the reason for these temporary price fluctuations?
There are always people looking to make quick profits that will dump during any small pump. Most of these guys are pro day traders that buy back in cheaper and repeat the process over and over. When crypto rises there are always pullbacks. We had a lot of 20-40% dips on the way up to 20k in 2017.