The BTC prices have found some support in the Rs. 750,000 region as we had expected and had mentioned in but today its collapse and goes down to Rs.700,000. This is likely to be the last stand for the bulls and if this region gives way, then we are likely to see the prices drop below the Rs. 690,000 region in due course of time.
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If and when that happens, it is going to be a long way back for the bulls from there and in fact, with many of the traders locked at much higher prices and not being able to get out, we could see a situation where there could even be no way back at all.
BTC Number Game
It is likely to be a strange situation considering the fact that the number of BTC is pretty much limited.