Galaxy Digital: Bitcoin's Cycle Low May Occur Between $62,000 and $53,600, Higher Than Previous Bear Markets

BTC1.51%
According to Cointelegraph, Galaxy Digital's research on June 13 indicates Bitcoin's cycle low may occur at price levels higher than in previous bear markets due to lack of speculative activity, with a potential bottom between $62,000 and $53,600. The analysis found that the decline from peak to trough has steadily narrowed across market cycles, from 85%–84% in early cycles to 77% in 2022 and 51% in 2026. Galaxy's research head Alex Thorn noted that of 13 key bottom indicators, only 4 have currently triggered, with most stronger signals yet to appear.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments