Those first claims that Bitcoin is banned in China was Fud driven and people panicked way too early. The price did drop
because of that and it is only now recovering slowly, when people realized that the Chinese are not implementing a blanket
ban on Bitcoin. The Chinese also moved some of their coins from exchanges, because these services are the first to be
targeted when a ban is threatening.
{Less trade volume on exchanges = lower price}
Whenever fuds happen,newbies were easily get frustrated since they want an easy money witout knowing that it will be much better if they'll do a long term investment. China bans just show that btc can still recover even slowly.
Correct this time US and Europe work together and this is something that they need to practice more cuz, no one want to bitcoin be controlled by Chinese, maybe this is my point of view but maybe most of you will agree, when we sleep they make moves.
Now with recovering in slowly process think that it finally good to say that we could expect to see price going over 5000 again.
We are almost hitting 5000 price range which we can really say that those banning ICO and closing exchanges did really affect the price too much which means there is really a strong support on bitcoin which it cant really be easily take down.
