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 bullish period is going to continue for 2 weeks ,that is till the fork and then it depends on various economic factors. I don't know if this current period can be considered as a healthy gesture because the price has been just on the rise and 7450$ is a lot and am flabbergasted that the market hasn't crashed since September I believe. Now, how are consumers going to react after the fork,are they going to dump it and go after altcoins? Or are they going to continue with the bullish respond towards bitcoin?