Galaxy Research says Bitcoin’s bear market is over, stating that it ended in June. The firm points to a reclaimed 50-week moving average, fading selling pressure, and a strengthening debasement case as the basis for its view.
According to Galaxy Research, now is an attractive time to buy. The firm’s assessment rests on the three factors it cited: the reclaimed 50-week moving average, the fading of selling pressure, and what it describes as a strengthening debasement case.