Galaxy Research just said Bitcoin’s bear market ended in June — and called this an attractive time to buy and hold $BTC.
On Monday, October 26, 2026, Galaxy’s head of firmwide research Alex Thorn argued the June 30 low marked the bottom and that bitcoin is now in an accumulation phase. The note cites five straight weekly closes above the 50-week moving average through October 18, after 44 weeks below it, plus U.S. spot Bitcoin ETFs adding about 87,000 BTC since that low while long-dormant five-year coins slowed to roughly 34,000 BTC a month in 2026.
Thorn’s tripwire is a weekly close below about 76,540 dollars that is not regained within a month. He also said bitcoin has already shown it can run to at least 125,000 dollars. Galaxy and Thorn disclose they hold bitcoin.
#Bitcoin #BTC #Crypto #Galaxy
DYOR. Not financial advice.
On Monday, October 26, 2026, Galaxy’s head of firmwide research Alex Thorn argued the June 30 low marked the bottom and that bitcoin is now in an accumulation phase. The note cites five straight weekly closes above the 50-week moving average through October 18, after 44 weeks below it, plus U.S. spot Bitcoin ETFs adding about 87,000 BTC since that low while long-dormant five-year coins slowed to roughly 34,000 BTC a month in 2026.
Thorn’s tripwire is a weekly close below about 76,540 dollars that is not regained within a month. He also said bitcoin has already shown it can run to at least 125,000 dollars. Galaxy and Thorn disclose they hold bitcoin.
#Bitcoin #BTC #Crypto #Galaxy
DYOR. Not financial advice.
