Opinion: Bitcoin needs new catalyst to avoid "deeper correction"
2025-10-16 07:30:45
"Without a new catalyst to push prices back above $1.171 million, the market could contract further towards the lower boundary of the range," Glassnode said in a report published on Wednesday. Unless something spurs more enthusiasm from investors, bitcoin may struggle to sustain its uptrend, Glassnode said. Some analysts have warned that bitcoin needs a new catalyst to avoid a "deeper pullback".
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