Quote from: Xester on January 08, 2017, 03:39:33 AM

Chinese will sell some of their bitcoins in preparation to the celebration to their new year. They will use that to purchase food and materials needed for the festival. But this is just opinion bitcoins price going up will also be possible since Chinese have this attitude to keep money in wallets for good luck in new year so possibly they will place huge amount of bitcoins in their bitcoin wallet for luck.

Yes, That is right . They want to buy some more coins before the lunar new year to protect their money before domestic inflation.
I think the price will keep increase on the Chinese holidays.