Bitcoin has room to rebound but lacks catalyst for a full-scale rally

Bitcoin is attempting a rebound amid an improving macroeconomic environment but lacks the necessary catalysts for a sustained rally, according to an analysis by CoinDesk. The media outlet described the current market as being in a phase of tactical rebounds that are quickly reversed amid limited liquidity. For a distinct upward trend to form, several conditions must be met, including confirmation of slowing inflation, a weaker U.S. dollar, a stable inflow of spot demand, and an easing of stablecoin outflows. CoinDesk added that stress on long-term holders is also increasing, making it likely that volatile market conditions will persist for the time being.