Bitcoin’s Bear Market Is Over, Galaxy Research Says: 'Now Is an Attractive Time to Buy'
5 outlets · first seen 1d ago · latest 7h ago
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Decryptfirst seen
Bitcoin’s Bear Market Is Over, Galaxy Research Says: 'Now Is an Attractive Time to Buy'
Galaxy Research says Bitcoin’s bear market ended in June, pointing to a reclaimed 50-week moving average, fading selling pressure, and a strengthening debasement case.
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Bitcoin Magazine
Bitcoin’s Bear Market Is Over, Galaxy Says
Bitcoin Magazine Bitcoin’s Bear Market Is Over, Galaxy Says Galaxy Research believes bitcoin’s bear market ended in June and that the asset has entered an accumulation phase, according to a research alert from the firm. “We believe now is an attractive time to buy and hold bitcoin,” the report said. Bitcoin traded near $80,000 at the time of the note,…
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The Daily Hodl
‘Bear Market Ended in June’: Galaxy Digital Says Bitcoin (BTC) Is in Accumulation Phase Before Price Surge
Researchers at the crypto firm Galaxy Digital think the Bitcoin (BTC) bear market ended four months ago. Alex Thorn, Galaxy’s head of firmwide research, says in a new analysis that Bitcoin is currently in “the accumulation phase that has preceded every prior advance.” “On a technical basis, the 200-week moving average held, the 50-week moving average has been regained for…
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The Wolf Of All Streets
Bitcoin's Bear Market Is OVER - But Wall Street Is Split
DoubleZero co-founder Austin Federa joins Andrew Parish and Tillman Holloway of Arch Public to debate whether the Bitcoin bear market is over, after Galaxy said the bottom was in back in June while Bernstein cut its targets for crypto stocks and stopped assuming any bullish price action. The panel starts with Wall Street's split on Bitcoin, volatility, IBIT options and ETF…
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Bitcoin News
Bitcoin Eyes $125K as Galaxy Says Bear Market Has Ended
Galaxy sees favorable conditions for bitcoin to retake $125,000, arguing that its bear market ended in June and selling pressure has diminished. Its analysis also cited fiscal pressures and weak investor attention to support its bullish outlook. Galaxy Sees Favorable Setup for $125K Bitcoin Bitcoin had a favorable setup for retaking $125,000, Galaxy argued in […]