Many experts have foresaw Bitcoin's downturn
nobody has predicted this "downtrend" apart from those who are always seeing drops at all times no matter what. some expected drops but not a trend.
when the Chinese return to the cryptocurrency market this week, will they decide to buy at the current bottom? Or will they continue to stand out of the game to watch the support break down?
bitcoin market is a global 24/7 market and you don't leave it to come back! besides you have to believe it is the "bottom" to buy it. right now the market is scared of the drop and the manipulation and the decision of investors like always is to wait until it is over.
you also seem to be stuck in 2013 having some illusions about China's market size and its effect on the price...
China still is making the big moves. About downtrend no one really predicted but you could see coming a slow down in volume and volatility lead to dump after descending triangle.