With China giving its traders until September 30 to divest their Bitcoin and other cryptocurrency holdings, it's likely we will continue to see strong price fluctuations at least until then.

Sellers will be dumping on any moderate upticks which will force prices back down again as supply increases. Although there appears to be demand elsewhere, larger buyers will only step in on weakness. Many, I would assume, will wait until the deadline is closer and sellers become more desperate to unload.