...the Chinese were the largest owners and trading block of people for Bitcoins and they will be removed from the market by the end of Oct.
News today reports that the Chinese Gov't will block the Chinese people from trading Bitcoins on exchanges outside China in their Internet system there, like Coinbase, which prohibits the Chinese people from trading Bitcoins again. Some say they went to Japan, but China's internet can block their people from trading Bitcoins anywhere outside of China.
Source:
https://www.theverge.com/2017/9/18/16326078/chinese-regulators-ban-cryptocurrency-platforms-bitcoin
Folks, take advantage of this dad-cat bounce up and get out before the massive selling pressure when Chinese people must sell and exit Bitcoin in China by the end of Oct. which will drag down the Altcoins too.
Bitcoin was created to be used as a currency, but it cannot be used as such in China now at the end of Oct, given the Gov'ts ban on its usage. If this does not testify that Bitcoin's party is over, not sure what would, given most Bitcoins were owned and traded in China.