Bitcoin’s Bear Market Concluded in June, Now in Accumulation Phase, Galaxy Finds
Photo: TheCoinrise
Galaxy Digital's research arm argues Bitcoin has moved past its downturn and could retest the $125,000 level. Galaxy Research, the research division of Galaxy Digital, has concluded that Bitcoin's bear market ended in June. The firm argues the cryptocurrency is now in an accumulation phase, a period often associated with quiet buying before renewed upward momentum. According to the reporting, Galaxy's analysts see room for Bitcoin to retake the $125,000 level. That figure represents a notable marker for traders tracking the asset's recovery from recent lows.
Source: TheCoinrise
