Bitcoin’s Bear Market Concluded in June, Now in Accumulation Phase, Galaxy Finds

Galaxy Research, the research division of Galaxy Digital, has concluded that Bitcoin's bear market ended in June. The firm argues the cryptocurrency is now in an accumulation phase, a period often associated with quiet buying before renewed upward momentum. According to the reporting, Galaxy's analysts see room for Bitcoin to retake the $125,000 level. That figure represents a notable marker for traders tracking the asset's recovery from recent lows. The call frames the current market structure as transitional rather than continuing a prolonged downturn. Accumulation phases are typically described by analysts as stretches where price action stabilizes after a decline.