Outlook: The company believes the bear market ended in June and that Bitcoin has entered an accumulation phase.

Reason for optimism: Selling pressure from long-term holders has eased, and Bitcoin has stayed above the 50-week moving average for five consecutive weeks.

Risk level: A weekly close below $76,540, without reclaiming that level within a month, could weaken this positive outlook.

Potential target: The company sees the possibility of Bitcoin returning to $125,000, but this is a forecast, not a guarantee.

Important: The article presents Galaxy’s view; it does not confirm that the price will rise. In the image you sent, the price is close to $79,700 and the trend on the 4-hour timeframe is bearish, so we need to distinguish between the long-term outlook and short-term trading.#EarningsSeason #FranklinTempletonFilesForTwoDividendToBitcoinETFs #BinanceHerYerde $BTC $USDC $SOL #ElectrumWalletBugLetRogueServersStealFunds #AnthropicS1ExpectedToday