History has always repeated itself in Bitcoin on the 24th of September 2017 when the china central bank ban Bitcoin/cryptocurrency, a move that sees the price of Bitcoin crashing deep before it recovered after 3 months of struggle to hold its resistance. On the 24th of September 2021 news still, fly around about china banning crypto, which turned out to be rumors and false development that see the Bitcoin price dropping to $40,675 before it gradually rises back to 41k.
There is nothing false about the fact that China has banned cryptocurrency, it is widely reported by major news organizations who confirm with the Chinese government themselves. They are trying to stop people using Bitcoin as a method for officials and wealthy citizens to abandon China - either because they see the house of cards starting to collapse or they fear repression by higher-ups. When things start to go wrong in this country, sh#t flows down hill and anyone who is unable to escape might be scapegoated. You have seemingly skipped over the fact that Bitcoin dropped about 10% before recovering 1%, that hardly seems like a big win in my book.