Bitcoin price in India is hitting all records and now the price is moving towards the level of Rs. 500000 and its the signal of price correction. I think the next few days are crucial and we should be ready for a crash.
In the bull run, the market captures positive news and ignores small negative news. When people starts selling to make profits, the prices goes down and every negative news are highlighted which can lead a crash.
Market Needs Crash The market is going to correct itself, but to think it needs a crash you will need to determine that the demand for bitcoin is artificial and cannot be maintained and I think that is incorrect, just look at bitcoin, the increase in price seems to come from real adoption, have you forgotten that japan adopted bitcoin just some months ago? So I do not see any signals a crash is coming and instead I see many signals that bitcoin price is going to keep going up for some time.