Bitcoin’s Bear Market Is Over, Galaxy Research Says: ‘Now Is an Attractive Time to Buy’
Summary
Galaxy Research reports that the Bitcoin bear market has concluded, citing a reclaimed 50-week moving average and decreasing selling pressure as key indicators. Analysts suggest the current conditions present an appealing opportunity for acquisition.
Galaxy Research says Bitcoin’s bear market ended in June, pointing to a reclaimed 50-week moving average, fading selling pressure, and a strengthening debasement case.
Source: Read the full story at Decrypt
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.