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 A crash? Really? Or you just mean some drop. Its kinda different. The bitcoin price is now moving down, it is the beginning. But after all I still beleive it is normal for bitcoin. Then from its drop bitcoin will recover and surpass the highest price it reached. By next month or maybe weeks, we will see the bitcoin recovery wil happen again like the last time.