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A number of crypto news outlets are starting to report on news coming out of China about a squeeze of cheap power and possibly a ban on Bitcoin mining:
https://news.bitcoin.com/chinese-hydroelectric-crackdown-herald-demise-cheap-bitcoin-mining/
https://cointelegraph.com/news/breaking-china-may-cut-off-cheap-power-to-bitcoin-miners
http://bitcoinist.com/china-bans-bitcoin-mining-rumors/
Bitcoin could drop to 5000 in term because of the above news.
https://news.bitcoin.com/chinese-hydroelectric-crackdown-herald-demise-cheap-bitcoin-mining/
https://cointelegraph.com/news/breaking-china-may-cut-off-cheap-power-to-bitcoin-miners
http://bitcoinist.com/china-bans-bitcoin-mining-rumors/
Bitcoin could drop to 5000 in term because of the above news.