Countries with large amounts of virtual currency transactions such as China, Japan, Korean and India with the increasing trend of many brands continuing to expand their payment operations in Bitcoin, this currency will rise to a peak of $ 20,000 in 2017.
However, recent bad news from Asian countries Bitcoin price is going down very fast. Yesterday bitcoin price continues to fall deep down to 8,200$ and possibly more.
In particular, China and India have a great influence on the BTC currency because the number of bitcoin traders is huge
China has Bitcoin restricted to a certain extent. But people are still very much involved with it. That is something I read somewhere, a post made by someone who has been to china himself. India has a confusing official stand on it. But I am doubting if the large Indian population which is supporting Bitcoin is totally shunned from any access. Most probably, they are still freely into it.
China is well known to be more in a opportunist attitude, so I guess their influence will really felt around inside crypto market, I remember when they release banning ICO's then the panic start shaking those weak holders as fuds keep spreading about that news, not sure if how India's banning also got a huge impact but by the numbers of users who also in a panic now maybe they can create some as well.