If China really bans exchanges you can throw all TA overboard. I wouldn't be surprised at 3 digits.
You grant China far too many credits than they are worth. China is no longer the major player in the Asian crypto market, and that's a hard fact. I see absolutely no reason for the price to tank back to sub $1000 levels, even with China actually shutting down all exchanges. People need to calm down and wait for things to get confirmed, and as long as that isn't the case, people are just feeding whales with cheap coins. Other than that, this what we are experiencing in the last days, is part of a very normal correction - one that was looming for quite a while. At the end of the day, it doesn't really matter whether it's the correction taking the market down, or this fud, the price would go down anyway.
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