Galaxy Research Says Bitcoin's Bear Market Ended in June
Galaxy Research says Bitcoin's bear market ended in June. It points to Bitcoin reclaiming its 50-week moving average and selling pressure fading. The firm also sees a strengthening debasement case and calls now an attractive time to buy.
Why it matters
- Bitcoin has reclaimed its 50-week moving average, a closely watched trend level.
- Selling pressure is fading, which may help support prices.
- Galaxy Research calls the current period an attractive time to buy.
What to watch next
Watch whether Bitcoin holds above its 50-week moving average and whether selling pressure keeps easing.
