The price of bitcoin fell to a monthly low, after rumors that the People's Bank of China (PBoC) plans to ban crypto-exchange exchanges, were confirmed.

News from China triggered a drop in the price of bitcoin BTCC announced that it will suspend trade on September 30, and although the closure appears to be voluntary, local media report that there is actually an oral directive requiring all exchanges to cease operations. Even the largest Chinese exchanges, such as OKCoin and Huobi, who until the last informed that they did not receive any notifications ordering them to cease operations, announced the closure after a meeting with representatives of the regulator. They, however, managed to agree on an additional month of work, t. They will not close on September 30, but only at the end of October.

All these events led to sharp jumps in the price of bitcoin, for several hours it even fell below the $ 3000 mark. At the time of writing, the average price for bitcoin is $ 3,445 according to coinmarketcap. com Predictions Known trader WhalePanda claims that the ban on crypto-exchange exchanges in China has already played its role over the past week, so he intends to buy at a level of $ 3,200 if the price again goes to this level before recovering.

Economist Tuur Demeister said that he started buying at $ 3,400. Noting that the price of bitcoin decreased by 33% in less than two weeks, he estimated that there is a chance that it will soon recover.

Others expect that the correction will correspond to the forecasts of the chief analyst of Goldman Sachs Sheba Jafari, which predicts a drop to about $ 2,000.

For example, Civic CEO Winnie Lingam said that he will not buy until the price reaches $ 2500-2700. It is noteworthy that he recommended selling above the level of 3,700 dollars. BitPay co-founder Tony Gallippi agreed, saying he sees support levels at $ 3,000 and $ 2,600.

The CEO of Chainstone Labs, Bruce Fenton, thinks differently:.

I have two words for my old friend Vinny. HODL. Yes, it is considered two words, because some people do not understand the first time.