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 I don't see enough reason why the bitcoin price should crash all because it is hitting the 7,500$ of which as at today, it has hit past 8,000$. This is not just about following the rule of whatever has fone up, must come down. If bitcoin price must come down, it has to be a well deliberate and calculated action. I did hear if the anticipated crash do happen, there will be a reinforcement later. The crash in price avails a lot more people to come buy into bitcoin more; an open window.