Bitcoin takes a dive close to 64k

Earlier today Bitcoin fell back close to 64k during the Asian session. However, it soon recovered that loss and lifted back above 66k in early European trading. The lead cryptocurrency rose to as high as 66,639. However, over the past few minutes it has just taken another hit lower. The price fell steeply from around 66k to close to 64k once more. The low set was at 64,098 and just surpassed the earlier Asian low at 64,138. The reason for the move is not clear and it is trying to rebound again right now. Clearly 64k looks like a quite significant short term support area right now and it is not out of the woods by the looks of it. Naturally, rebound back above 66k from here on would surely steady the ship, but the price action is fluid and sporadic. Bitcoin is just now trading at 64,825