bitcoin price down about 1,000$ after china ban this is logic
but less than 2 months back more than old 4,600 now without any new news why ??
Are you depending only with the news? Then you are missing the real news here that there's a hard fork that will happen next week so that's the reason why the price of bitcoin increases. And not all the time we are going to depend with Chinese news or anything that's related to crypto there. Yes, they are affecting the price but you should also look outside the box, don't look always inside the box.
Chinese just another kind of trollers, They are announcing to ban the crypto and bitcoin but in the future they will try to re-thinking about that. This looks pretty odd.
That news just give a short impact to all of the users, because many ways to the bitcoin and crypto currency. Because they are not familiar with the technology and if we are all using the decentralized exchange and there will be no party can prevent us to use bitcoin.
It's not that they are trolling but it is affecting their economy and we don't really know the real truth behind that ban of bitcoin. But what's I'm sure of is there are Chinese people that are keep on pushing their career with crypto's. They can't monitor the whole crypto market there for sure, the problem there is the government is the one that doesn't recognize bitcoin and the real traders are just following to the directive of their supreme government.