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Analyst: Bitcoin Lacks New Catalyst, Unable to Experience Significant Upside

BlockBeats News, May 16, Trade Nation analyst David Morrison stated in a report that the cryptocurrency industry seems to be looking for a new catalyst to drive a significant price increase. "As traders continue to assess a broader risk backdrop, the market sentiment remains cautiously optimistic." The price of Bitcoin recently rebounded from its April low and is currently hovering in the $101,000 to $105,000 range. (IG)

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