Bitcoin Magazine Bitcoin’s Bear Market Is Over, Galaxy Says
Galaxy Research believes bitcoin’s bear market ended in June and that the asset has entered an accumulation phase, according to a research alert from the firm. “We believe now is an attractive time to buy and hold bitcoin,” the report said.
Bitcoin traded near $80,000 at the time of the note, about 35% below its October 2025 high and 39% above the June 30 low. The price would need to rise 53% to retake the previous record. The S&P 500, by comparison, sits within 1% of a record set on Oct. 6.
The report lays out four arguments: technical, positioning, fundamental and sentiment.
Bitcoin technicals
Galaxy uses two weekly moving averages to track bitcoin’s bear markets. The 200-week average has acted as a floor in each one, and the 50-week average has acted as a ceiling, according to the firm.
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