banned ico bring market down
possible stop exchange further worsen the market
now is almost time for Chinese monday morning i bet you there will be some news to clarify ,downplay the banned and whole
market will rebound sharply just my 2 cents
The price rebound is extremely likely if Chinese officials clear up things.
To be honest, i think that the news we have been presented with is most likely untrue. I mean, why announce the ICO ban first and then announce a bitcoin exchange ban soon after? Why not just bundle the policies together?
As soon as people realize that the news is not confirmed, exchanges are still working, and FUD quietens down, BTC should go on a nice bull wave that puts it above $5000. If the news turned out to be true though then we can definitely expect a dip below $3500.