The price went as low as $3620 but later started to rise again and soon reached well over $3700, even touching above $3800.
Civic CEO Vinny Lingham predicted a few days ago that Bitcoin’s price would plunge to this exact level before restarting to surge ‘to the moon’.
The rise over $3700 may be the beginning of another upward run.
The push is likely driven by increasing confidence in the market, given the concluding of the SegWit controversy and subsequent activation scheduled for Wednesday.
The market has already seen that Bitcoin can weather complexities well.