Galaxy Research Sees Bitcoin's Bear Phase Ending at June Bottom
Galaxy Research says bitcoin's bear market ended at its June low. If that view holds, it could signal a shift in market sentiment. Traders may want to see price action confirm the call before acting on it.
Why it matters
- Galaxy Research says the bear market ended at the June low.
- A shift out of a bear market could change how traders read bitcoin's overall trend.
- This is one research firm's view, so it is not yet confirmed by the market.
What to watch next
Watch whether bitcoin holds above its June low in the coming weeks, since that level is the reference point for this call.
