Think about it, all they have to do is turn around and say, "we made a mistake, bitcoin is great, you can all do business in it"
They don't have to say anything for BTC price to go up again after the manipulators are done buying up cheap coins. The panic will subside and everyone will realize that
China did not ban Bitcoin.
They did not outright ban it but its got issues there, I dont know what you're reading but from what I see, the banks cant deal with it and the exchanges have been cut off so money cant flow into it, making it a real dicey situation right now.