Galaxy Sees Conditions Supporting Bitcoin Recovery
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Galaxy points to stronger price trends, steady ETF demand and growing U.S. debt as factors that could support bitcoin’s return toward its previous high.
Galaxy says current conditions favor accumulating bitcoin, citing several factors it believes could support a recovery toward the cryptocurrency’s previous high.
The firm points to improving price trends and resilient demand for bitcoin exchange-traded funds as signs supporting its outlook.
Rising U.S. debt also features in Galaxy’s assessment. Together, these factors underpin the firm’s view, rather than establish that bitcoin will regain its earlier peak.
Source: CoinDesk
