Alex Thorn Claims Bitcoin’s Bottom Is In Based on 50‑Week Moving Average Signal

Alex Thorn, a trader at Galaxy Digital, argues that Bitcoin’s recent rebound to the 50‑week moving average—after more than 20 weeks below that level—indicates a bottom has been reached. He notes that historically, Bitcoin has never broken a new low after regaining this average. Thorn highlights Bitcoin’s resilience near $80,000 amid AI‑related market volatility, and points to recent 13F filings showing hedge funds exiting while sovereigns and wealth managers are increasing positions. He also discusses tokenization hype, the basis trade, and the potential impact of AI-driven cyber threats on hardware wallets and multisig security. The analysis is presented as Thorn’s personal view and is not investment advice.