Since bitcoin decreases demand as China complete blockage of it, it decreases it value but I don't see it going further down than that. China is a large country and almost worth as US and since Chinas' economy is top tier as well losing investors there created a huge FUD that it cannot sustain its current price. But the thing is even if China didn't block bitcoin it is an inevitable event that bitcoin will decrease its price at a certain point, it normally happens and bitcoin can easily climb back to its peak once all the FUD that was created during the Chinas' blockage to bitcoin ends.