China wont make a firm decision until the PROC annual meeting in october is over. Also I highly doubt they permanently ban them since they are not going to miss this boat. They are not dumb. They just wanna figure out a way to control them. Even with china out thats not going to stop cryptos and bitcoin.
China just said they ban ico and bitcoin .But they can not do for permanently because China already earn many bitcoin for bitcoin mining and trading.I think they only stop or ban some ico who didnot get proper permission from them.
China does not say they ban Bitcoin, only the ICO market and the cryptocurrency exchanges in this country have banned.
But recently, I heard some rumors tell those exchanges have transfered to HongKong and continue activity.
That might be true, because exchanges and ICO holds a large volume of funds. So it looks like cheating the users who have trusted the project and invested into it. Based on the fact it's good to run in countries that support the exchanges functioning. Right now everything seems in a stable manner and so the recovery continues forward to reach $5000 at the earliest.