Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin
By Patrick Green
AI summary of the source article
Galaxy Asset Management's head of firmwide research, Alex Thorn, stated that Bitcoin's bottom is in. The call follows Bitcoin closing back above its 50-week moving average during the week of September 20.
Key facts
- Galaxy's head of firmwide research, Alex Thorn, stated that the bottom is in for Bitcoin.
- Bitcoin closed back above its 50-week moving average the week of September 20 and sustained that trend.
- Four prior reclaims after 20-plus weeks below that average never closed more than 8.4% below the reclaim level in the following year.
Source excerpt · Bitcoin Magazine
▶ Bitcoin Magazine Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin "The bottom is in," says Galaxy's Alex Thorn, explaining why reclaiming the 50-week moving average historically limits Bitcoin downside to just 8.4%. This post Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin first appeared on Bitcoin Magazine and is written by Patrick Green .