‘Bear Market Ended in June’: Galaxy Digital Says Bitcoin (BTC) Is in Accumulation Phase Before Price Surge
Photo: The Daily Hodl
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 five straight weeks, and at day 916 of the halving cycle, Bitcoin is past the window in which every prior cycle bottomed.
Source: The Daily Hodl
