Analyst: Bitcoin Lacks New Catalysts, Unable to Surge Significantly
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On May 16, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be searching for a new catalyst to drive significant price increases. "As traders continue to assess the broader risk backdrop, the market tone remains cautiously optimistic." Bitcoin prices have recently rebounded from their April lows and are currently hovering in the range of $101,000 to $105,000.
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