To avoid this, miners are throwing support behind BIP 91, which would introduce SegWit2X to the blockchain. BIP 91 only requires 80 percent support, rather than 95 percent, to be locked in and would introduce the Segregated Witness system.
"BIP 91 has a lower threshold to get adopted which made its implementation more realistic and less risky. Adopting the BIP 91 also decreases the probability of a fork, something many people like," Bram de Haas, managing editor of The Black Swan Portfolio, told CNBC via email on Tuesday.
"Bitcoin will avoid a fork for now but it is not necessarily terrible if it does not."
Haas now expects bitcoin prices to rebound faster and faster.
