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 Media is making things complicated, they make people panic and think of crashing. I dont see bad thing once bitcoin's goes down. Its actually a good thing because we could buy greater volume of bitcoin. Its normal for bitcoin to change its value from time to time, this is its basic nature; volatility. Better not to be affected by media, bitcoin will continue to rise and pump in value but there will also normal times of droping.