The price has been raising uncontrollably since last week !!!
Since it was not long ago at $5000, it's better aid that it is recovering nicely.
Point of correction, the price of Bitcoin doesn't rise or fall uncontrollably - demand and supply does that perfectly well. Evidently the market had excess supply recently as PBoC had Chinese traders and businesses selling off their Bitcoin, so price had but to dip.
However , Chinese will public their decision of Cryptocurrency on 30/9
I think that many expects that the Chinese exchanges will not close or will reopen very soon after 30/9, that's the reason for this recovery.
"Buy on rumors, sell on news"
Stale news and the community have already moved on! China is only a fragment of Bitcoin and the cryptocurrency world, they erred by jumping to the conclusion that they were indispensable, of which they're not.
Do u think the price may keep raising or decrease ??
Depends on the news. If the exchanges will remain open, we may get back to $5000 very fast.
If not, even one more price decrease is possible.
Japan have taken over more than 50% of daily trade volume, there is South Korea, there is Australia and a voracious global appetite, China will now have to fight to merit relevance.