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BITCOIN PEAKS @ $7,300.........As Chances of Correction pervades!






After a weekend of related stable Bitcoin price hoovering between $7,200 and $7,400, analysts are of the opinion that the latest Bitcoin bull run would probably rest at $7,500 before an eventual correction begins.

One of such analysts, Vays, who correctly predicted Bitcoin’s month-long surge pattern, said it would be “very difficult” to sustain continued growth.

“I think we’ve topped,” he said in a video update on the previous five weeks’ price performance.

“The monthly is calling for a top; the weekly is still calling for four more weeks of upside,” he explained, citing the upcoming SegWit2x hard fork as the main barrier to progress.

The impending Bitcoin chain split has sparked warnings of price volatility for several months, with the industry still unable to call what the impact of the rival 2x chain will be.

In the short term meanwhile, Vays says that “no one should be surprised” about a several-day correction which is already in progress.

Prices have come off all-time highs to return to $7,200, with a “re-evaluation” later in the week, not necessarily meaning further upside or new highs.



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