On May 16, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry appears to be seeking a new catalyst to drive significant price increases. "As traders continue to assess the broader risk context, market sentiment remains cautiously optimistic." Bitcoin's price has recently rebounded from its April lows and is currently hovering in the range of $101,000 to $105,000. (Jinshi)
Analyst: Bitcoin lacks new catalysts for significant gains
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