Now is the time to accumulate bitcoin, Galaxy says
Summary
Galaxy Digital says Bitcoin’s bear market likely ended in June below $58,000 and views current prices near $80,000 as an accumulation opportunity. Research head Alex Thorn cites five weekly closes above the 50-week moving average, reduced futures and ETF positioning among fast-money traders, and 87,000 BTC added to spot ETFs since June. He also points to U.S. debt and deficits as factors supporting Bitcoin’s fixed-supply appeal. Bitcoin remains about 35% below its record high above $126,000. Galaxy flags broader market weakness, AI disruption and quantum computing as risks; a weekly close below $76,540 followed by failure to recover within a month would undermine its technical view.
