Not very likely that Bitcoin will weaken in the next month- not until we hit that next leg up first! Expect prices to hit the mid to high $6K range even up to $7K before a major retracement to the low $4K zone (according to FIB retracement).

Chinese president Xi Jinping only cracked down on Bitcoin to appeal to the conservative members of his party in order to attract more votes. Now that he has been recently re-elected he is expected to ease up on the regulations and the new and improved Chinese exchanges will cause a flurry of buy orders.

We should have a couple of nice years for this next bull run :) If all goes according to plan we will see 4-5 solid years of growth now many major world leaders are pro-crypto ( ...except Putin apparently?)