anyhow bitcoin will fall under $2000 and will rise again.
according to me it is not correct time to invest now, wait for few more days

I too have started to believe now that investment at this time needs to be avoided. It seems that overall there will be a negative impact after CEO of JPM have started that bitcoin is a fraud. Least we can expect now is that some other country do not ban bitcoin else might be bitcoin will fall drastically in coming days itself.
Yeah I was expecting this news from many days because it is really impossible to ban bitcoins in china which has very large number users and even the state holders of China have invested in bitcoins, they are just trying to control the prices of bitcoins to avoid fluctuations and volatility of bitcoins.