Yeah, that's right. Announcements from China have negative effect on bitcoin immediately but that quickly fades away. The fact is that current price is becoming a new normal for bitcoin and China can't have a serious influence on it. No one is gonna panic sell bitcoin because of China cause these announcements aren't something new, people have already adapted on these news and bitcoin can live well without China. If there was no history of statement and market would be hugely dependent on the China, then very strict and negative news/law on bitcoin could seriously beat it's price but all the things from China were coming slowly and slowly.