In a period of seven days, Bitcoin price surged from $1,900 to $2,700. In some regions such as South Korea, Bitcoin was being traded at around $4,000. Analysts predicted that a bubble was imminent and that a correction would have to occur.
Full article here: https://cointelegraph.com/news/bitcoin-bubble-was-imminent-bitcoin-price-drop-deepens-but-recovery-nears