Galaxy Research: Bitcoin bear market ended in June, accumulation phase underway

[sergiorus]

Galaxy Research said Bitcoin’s bear market ended in June 2026 and the asset is now in an accumulation phase, with BTC closing above its 50-week moving average for five consecutive weeks.

Monthly transfers from coins held for more than five years have fallen to about 34,000 BTC from 67,000 in 2024, suggesting reduced selling pressure from long-term holders.

Galaxy said the bullish view would weaken if Bitcoin falls below its roughly $76,540 50-week moving average and fails to reclaim it within a month.

Why Now Is the Time to Add and Hold BTC

Summary:
1. Technical: we believe the bottom is in and accumulation is under way
2. Positioning: the fast money has left, the base stayed, and everything else is priced for perfection
3. Fundamental: the debasement case is stronger than it was at the high
4. Sentiment: the pendulum has swung to “blockchain, not bitcoin” for the third time since I’ve been in the market

Source: https://www.galaxy.com/insights/research/why-now-bitcoin-buy-hold-2026

[Oshosondy]

With what happened since June to now, I think this is true. But during the accumulation phase, people should be expecting some drawdowns at times, but there is no possibility that bitcoin is ever going back to $60000. I have posted about this times without numbers and I still think my opinion is still valid.

[aoluain]

Thats probably a fair synopsis. I couldnt verify if it was actually since June but we are probably
into the accumulation in-between phase (between bear and bull markets)

but there is no possibility that bitcoin is ever going back to $60000.

IDK about that call TBH. I believe all markets could suffer from a short term shock based on what
plays out in the world if global geopolitics, especially if the war on Iran enters into a new phase
and / or Europe actually in a stupid way decides to declare war on Russia. So no I wouldnt say
'never' in this regard, but that all depends on the timing of course.

[buwaytress]

Don't disagree, but I still feel there's not enough catastrophe yet in the bear. If I say it will do what Galaxy says it shouldn't (go below 76500 and fail to reclaim within a week) might I be a genius? Because my genius forewarning brain says there's still plenty of time and opportunity for that to happen.

But sure, TA. Who knows?

[Hatchy]

 
I can't really say the bear market is over, but we can see that the bulls have been in control for the past few weeks. We ended September with strong bullish momentum that pushed the price above its resistance zones. As far as I'm concerned, this is enough reason to believe that the bulls are trying to take control of the market.I noticed this bullish momentum on the 3 month timeframe, where the price bounced off a trendline it had respected several times in the past. That was how I developed my confluences.but then again, we can't predict the future, as many other factors can still influence the price. Despite this uncertainty, I'm optimistic that we will end the year on a bullish note.

[Aliciaworld]

A friend showed this to me over the weekend on the BTCUSDT monthly time frame, He believes strongly that the bear market has come to an end but I am skeptical mostly because I want a bigger dip so I can buy.

He thinks I'm selfish 😂😂

[Aliciaworld]

Don't disagree, but I still feel there's not enough catastrophe yet in the bear. If I say it will do what Galaxy says it shouldn't (go below 76500 and fail to reclaim within a week) might I be a genius? Because my genius forewarning brain says there's still plenty of time and opportunity for that to happen.

But sure, TA. Who knows?

Exactly my thought

[Aanuoluwatofunmi]

Galaxy Research said Bitcoin’s bear market ended in June 2026 and the asset is now in an accumulation phase, with BTC closing above its 50-week moving average for five consecutive weeks.

The idea is very simple to understand, buy the dip and hold, discover a particular strategy to use in accumulation and try as much as possible to afford investing in Bitcoin because of the future opportunity in it when the market begins to pump, this is when now is the best time to accumulate, hold and ensure that you are using a non-custodial storage to assets after investing.