To me this is a PBOC tric. Do you really think they ban exchanges after months work a while ago to KYC all the major exchanges? This is just a 2nd tier media fud assignment for china to buy cheap btc themselfs.
@jostitrade, is possibru. I don't think they'll actually be banning anything permanently. however, I still see bitcoin correcting to anywhere between $3600 to $2600 in the medium term. we need another significant correction before we can reach $5k+, we had a really weak double top towards that.