Another volatile week in the world of Bitcoin. Price fluctuated between $7,222.4 and $9,195.5. That represents nearly a $2,000 range, where price tested the resolve of both the bulls and the bears. While price has recovered from it's lows and currently trades around $8,900 range, this week's price action has left a lot of people confused. Let's unpack what happened in the week to see if we can make sense of the volatility.

1. Pre G20 Summit Meeting

As mentioned in our reflections last week the G20 summit meeting could act as a catalyst to be a pivot point for Bitcoin. At the start of the week before the event price tested the $7k lows and headed into the event with weakness. This clearly looked like the market was selling the rumor before the event and hoping for some positive news to buy the news. It