Back in the spring of 2017, after a few months of slow trading, the price of Bitcoin started to see a rise when it rose from 1000 dollars to 2500 dollars in April and May. By the time it was August, the price was at 4500 dollars. While the prices were increasing steadily, the declines were also severe. Still, the recovery was always there but then Bitcoin suddenly broke all the barriers and it reached a price of 6500 dollars to 10000 dollars in November of 2017.