However, Bitcoin surprising rally was destined to end. After surging to the $1,150 the digital currency tumbled the following day by 23% on January 5. Most exchanges have recorded the price falling to $890. Bitcoin managed to bounce back from the latest low within the same day, recovering to the $1,002. It looked like the price turbulence has settled down, but the announcement of the Chinese Central Bank opened the doors for the bearish sentiment.