I think the news of the closure of exchanges in China, the beginning of a great fall all cryptocurrency. It looks like we will see bitcoin at$1500.
Don't you think that's a bit pessimistic?
The ban is most likely temporary and there are still massive buy walls from US/EU when dropping this hard.
1500$ is too much.
It will not go bellow 3000$.
I think after 30 of September China will issue a law about some kind of government exchange. And after this will be again stability.
I think bitcoin has no support in the area of$ 3000 (view glass), we don't have a good support at 2700$, but 2000$ for the purchase of 5000 bitcoins! Below 2000 we will not go.