Bitcoin spikes to 7-week highs as analyst doubts chances of $100K rebound

Bitcoin may be at its highest levels in nearly two months, but the odds of $100,000 returning remain slim, say commentators as sellers up pressure.

Key points:

Bitcoin is witnessing a tussle between buy and sell volume as BTC/USD hits its highest levels since the start of March.

BTC price action is making traders increasingly wary due to the pace of recent gains.

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