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 Crashes aren't good for bitcoin, and I honestly don't think it is 'needed'. It will happen sometime soon, but it will happen naturally. Bitcoin has grown way too much over the last few months.
And it will continue to increase its value, i do not think it was healthy on the existence of bitcoin i am wondering if bitcoin would continue to increase its value there would be more incoming investors or the demand will continue to dump