Galaxy Says Bitcoin Bear Market Is Over, Sees Path Back to $125K
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Galaxy argues that reduced selling pressure and broader fiscal strains could support bitcoin’s return to $125,000 after a bear market it says ended in June.
Galaxy sees conditions that could allow bitcoin to regain $125,000, according to an analysis reported by Bitcoin.com News. The firm’s outlook rests partly on its assessment that the bear market ended in June.
The analysis pointed to easing selling pressure as a factor supporting a potential recovery. Galaxy presented that shift as part of a more favorable market backdrop for bitcoin.
Galaxy also cited fiscal pressures and subdued investor attention in making its bullish case. The $125,000 level represents the firm’s outlook, rather than a confirmed price move.
Source: Bitcoin.com News
