Growth
Galaxy Research: Bitcoin's Bear Market Ends in June
Galaxy Research, a cryptocurrency research firm, announced that Bitcoin's bear market ended in June. Bitcoin's price has returned above its 50-week moving average, indicating a potential bottom. The firm's warning line is set at $76,540, and a weekly close below this level without a recovery within a month would suggest the recovery has failed. Bitcoin dipped below $80,000 on Monday, about 4% above the $76,540 warning line, marking a recent dip but still above the firm's threshold for a potential bear market failure.