Galaxy Research Says Bitcoin Bear Market Ended in June
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Galaxy Research cites Bitcoin’s recovery above its 50-week moving average and easing selling pressure as signs that its bear market has ended.
Bitcoin’s bear market came to an end in June, according to an assessment by Galaxy Research reported by Decrypt.
The research firm pointed to Bitcoin moving back above its 50-week moving average, alongside signs that selling pressure was weakening.
Galaxy also cited a stronger case for Bitcoin as a hedge against currency debasement. The findings reflect the firm’s interpretation of market conditions rather than a confirmed turning point.
Source: Decrypt
