It is a possibility that bitcoin price will go to the moon. I guess it will go towards 20000-50000 in 1-3 years. China is the main producer of bitcoin and knows what is doing to protect its people and their wealth. If I were Chinese and the biggest producer of bitcoin I would the same. Of course I would want to have all the bitcoin that I produce for me and appreciate its value.
It's rumored that they are planning to ban mining...which would be a total clusterfuck in the crypto world if they do that. The previous bans would be nothing compared to the effects a mining ban would have...