Galaxy Asset Management Calls Bitcoin Bottom
Current overview (not historical)
Galaxy Asset Management's Alex Thorn identifies a Bitcoin bottom, noting the price has risen above the 50-week moving average. Historically, four prior instances of Bitcoin remaining above the 20-week average for over 20 weeks were followed by annual price gains, with none dropping below the 8.4% reclaim price the following year. The firm concludes this pattern suggests the current cycle bottom has been reached.
Written with AI from the reporting · updated 10/28/2026
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- 1Unclassified fact stationOct 28, 21:54single sourcereport-time only
Galaxy Asset Management calls Bitcoin bottom in
Read original source ↗ Bitcoin MagazineReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Alex Thorn
- Action：
- Calls Bitcoin bottom in
- Object：
- Bitcoin price
- Occurred (fact side)：
- not recorded
- Published (valid side)：
- Oct 28, 21:35
- First seen (known side)：
- Oct 28, 21:54
Fact stationSingle source · one-sided claimReport-time onlyCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- Bitcoin MagazineRelated fact: single sourceFact occurrence time unverifiedGalaxy Asset Management says bottom is in as Bitcoin reclaims 50-week moving average
Report first recorded Oct 28, 21:54
Galaxy Asset Management head of research Alex Thorn says the bottom is in after Bitcoin closed above its 50-week moving average the week of September 20. The firm 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.
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Event activity trend
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- 10Oct 28, 22:00
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