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Bitcoin: Analysts warn of correction, $11700 USD key level for further gains

Bitcoin: Analysts warn of correction, $11,700 USD key level

The Bitcoin price has stabilized after the strong upswing along the USD 11,000 mark. Analysts are warning of a sharp correction as trading volumes have dropped sharply in the last few hours. Bitcoin was able to record a strong upward trend in the last few days, rising from USD 9,500 to USD 11,400.