Today, even with this recent big drop, btc price is still much higher than last year.
So, regardless of the occasional higher falls, bitcoin prices are constantly increasing every year.
I expect that such trend will continue and that we will reach price of $10 000 very soon
The Chinese government and People's Bank of China are paranoid enough to block every possible cryptocurrency because they are afraid that wealth will leak out of China.
Huobi, OKCoin to will stop Yuan-to-Bitcoin trading by October's end - what will happen after that? Bigger crash may happen.