Bitcoin Bear Market Ends, Analysts Urge Investors to Buy Now

Why the 50-Week Average Matters

Galaxy Research has declared the end of Bitcoin's bear market, identifying June as the definitive bottom. The firm's analysis highlights a critical technical signal: Bitcoin has now closed five consecutive weeks above its 50-week moving average. This sustained price action marks a clear shift from the previous downturn.

The research team points to a historic first in crypto history. For the first time in any bear market, Bitcoin's market value never dropped below its realized value. This anomaly suggests the selling pressure has fully exhausted itself. Investors are now entering an accumulation phase, where smart money is quietly building positions for the next cycle.

The 50-week moving average acts as a long-term trend filter. When price stays above this line for multiple weeks, it confirms a genuine reversal rather than a temporary bounce. Galaxy Research analyst Alex Thorn emphasizes that this technical confirmation is rare and significant. It signals that the market structure has fundamentally changed.

Is Now Really the Best Time to Buy?

Thorn argues that the current environment presents an attractive opportunity for long-term holders. The firm's data shows that federal fiscal spending, including $40 trillion in new federal debt, is fueling liquidity into risk assets. This macro backdrop supports the bullish thesis.

Many investors wonder if the rally has already run too far. Thorn counters that the accumulation phase typically lasts several months. During this period, price action is often sideways or mildly upward. Patience is key. The research suggests that waiting for a dip within this phase could improve entry prices.

The outlook remains positive. With the bear market officially over, the path forward points toward a new bull cycle. Investors who buy during the accumulation phase historically capture the largest gains. The combination of technical confirmation and macro liquidity creates a strong case for action.

Frequently Asked Questions

When exactly did the bear market end? Galaxy Research identifies June as the bottom month. The five consecutive weeks above the 50-week average confirm the reversal.

Why is the realized value metric important? It shows that sellers have exhausted their holdings. No major liquidation occurred below fair value, indicating a clean bottom.

What should investors do now? The research recommends buying and holding during the accumulation phase. Patience and dollar-cost averaging are the recommended strategies.