Motorcycle problem 2003 vtr250?

Motorcycle problem 2003 vtr250?
Added (1). i recently purchased a honda vtr250 2003 model with 20,000 miles on the tach. There is 2 major problems.
1 being that the bike does not rev past 5 k rpm (no sputtering,backfiring or jerking). Its almost like there is a rev limiter at 5k.
2nd being that the tach needle bounces alot at all rpm ranges.

Any help or input would be highly appreciated,thanks.

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