China blocks access to the markets with its huge Great Firewall of China. Any and all websites offering cryptocurrency trading services or advertising the digital currency market have been scrubbed from search engines and social media in China in a bid to wipe out the trade.
BTC will go down to $1k within next 30-60 days and it will be close to $0 before 2019. Sell it now.
No one here can tell if bitcoin will going to die and be valued at $0. I don't even believe bitcoin can drop as low as $1000 especially now that it seems to recover and reach $8000 again. China can make such announcement of bitcoin banned and closing exchanges but it can never be a reason for bitcoin to die. It will continue to circulate in the market and appreciate even better.
These FUD users keep teasing it as if they really controls the market, however China is not the only place that cryptocurrency revolving around them. We do have 195 countries and that's a lot of people to make a change the price, not just only China. And to be honest they really bring a big changes in crypto since they joined it but most of the people are not that worthy to acknowledge the essence of Bitcoin.