Looking at the current rise in bitcoin prices, it is likely that many buy bitcoin because it sees the basic thing of the market that is buy when the price is low and sell when the price is high ... hahaha maybe my opinion is just a meaningless opinion, but in my opinion will definitely happen to see bitcoin prices continue to decline
If you're looking for investing, some may start buying bitcoin now. But if you're looking for trading then i suggest waiting for 2500$ price as it was the stable prize since july. So basically i think the decrease of bitcoin because the price is already overpriced, and the news from china just come in the exaxt same time to make it going lower 
for now it has passed the events of the Chinese state and now the bitcoin price again increase in appeal with yesterday, now the price is $ 3700.47 and before reaching $ 4000 this is the time that we still have time to use to buy bitcoin