Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin

▶ Bitcoin Magazine Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin “We believe the bottom is in.” That’s the call from Galaxy’s head of firmwide research, Alex Thorn. Bitcoin closed back above its 50-week moving average the week of September 20 and has kept that trend, and Galaxy notes that the four prior reclaims after 20-plus weeks below never closed more than 8.4% under the reclaim level in the following year. Here’s why the whole call comes down to the 50-week moving average. DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.