Galaxy Asset Management calls Bitcoin bottom, says now is the time to buy

Galaxy Asset Management has indicated a bullish outlook for Bitcoin , following technical signals that suggest the leading cryptocurrency has entered a potential accumulation phase. This assessment comes from Alex Thorn, who leads firmwide research at Galaxy, a prominent digital asset financial services firm. Thorn highlighted that Bitcoin recently closed above its 50-week moving average during the week of September 20. This indicator is closely watched by traders and analysts as a significant measure of long-term market momentum. Bitcoin had previously remained below this moving average for more than 20 consecutive weeks.