🚨BITCOIN BEAR MARKET OVER? GALAXY RESEARCH SENDS A BULLISH SIGNAL
Galaxy Research believes Bitcoin’s bear market ended in June 2026, strengthening the case for a potential market recovery. 📈
What supports this bullish outlook?
🔹 Technical strength: BTC recorded five consecutive weekly closes above its 50-week moving average through October 18.
🔹 Selling pressure easing: Spending from long-dormant Bitcoin wallets has slowed
🔹 Long-term perspective: Galaxy sees current conditions as an opportunity to accumulate and hold BTC.
⚠️ The key risk: A sustained breakdown below the 50-week moving average could weaken this bullish thesis.
My take: This is an encouraging signal for Bitcoin, but a confirmed trend reversal still requires sustained price strength and healthy market demand.
The bear market may be behind us—but confirmation matters more than optimism.
DYOR
Trade➡️$BTC
➡️$HYPE
➡️$ORCLB
#FedWatch #AlphabetSharesSlide10%InLateTrading #Nasdaq100FuturesFall0.9% #BitcoinCore32.1RaisesPeerConnectionLimit #RussiaPlansStandardizedTestForCryptoInvestors
Galaxy Research believes Bitcoin’s bear market ended in June 2026, strengthening the case for a potential market recovery. 📈
What supports this bullish outlook?
🔹 Technical strength: BTC recorded five consecutive weekly closes above its 50-week moving average through October 18.
🔹 Selling pressure easing: Spending from long-dormant Bitcoin wallets has slowed
🔹 Long-term perspective: Galaxy sees current conditions as an opportunity to accumulate and hold BTC.
⚠️ The key risk: A sustained breakdown below the 50-week moving average could weaken this bullish thesis.
My take: This is an encouraging signal for Bitcoin, but a confirmed trend reversal still requires sustained price strength and healthy market demand.
The bear market may be behind us—but confirmation matters more than optimism.
DYOR
Trade➡️$BTC
➡️$HYPE
➡️$ORCLB
#FedWatch #AlphabetSharesSlide10%InLateTrading #Nasdaq100FuturesFall0.9% #BitcoinCore32.1RaisesPeerConnectionLimit #RussiaPlansStandardizedTestForCryptoInvestors
