Bitcoin was really in a bad condition right now and I don't think that the reason behind this is because of China, why? Simply because we already know that the China was  already accept bitcoin in their country and in fact we really have a big evidence about that and it becomes one of the hottest trend in the bitcoin forum or news. Based on tha graphical chart of bitcoin which is actively changing we clearly see that it is because of the volume of bitcoin who is becoming so huge and also maybe the reason is the production of it because we also know that bitcoin mining was very bad nowadays.