Chinese factor or more straighforward: PBOC fud.
I think yea, China has large numbers of miners and traders also Chinese government policy about bitcoin
there are impact on bitcoin price and other altcoins,
the other factors that will makes change bitcoin price is news bad news or good news because some traders
use analysis fundamental for making prediction.
and also we needed to add the whale club which really making big impact when they shake the market, those big holders that
making certain movement either ups or down, we can't analyze how they will work it out but surely if we know how to follow
their leads we will be successful, just be consistent to keep reading here inside this forum and you will learn more about how
the bitcoin price moves.