Galaxy Research believes Bitcoinโs bear market ended on June 30 at $58,525. BTC has since reclaimed its 50-week moving average after 44 weeks below it, and spot ETFs have added about 87,000 BTC since the low.
Not everyone is convinced, and Galaxy flags its own risks. A failed hold of the 50-week average or a drop in ETF holdings would weaken the thesis, and BTC has already pulled back about 9% from its September high.
Bottom confirmed, or just a pause? Weigh the evidence on the KuCoin Blog ๐