Both of this factors has stalled the upward movement for a month due to which its now rising but at a slower pace now. Also crossing 5000$ is the first target and then somewhere in 2108 we may see if 7000$ that too if there is no more negative news form China else gain it can impact the price badly.
I am not sure there can ever be any crazy negative news from China than we already have except they said they want to ban mining operations which I so much believe will not even be that easy. We just remain optimistic now and keep hoping for the best.