Alex Thorn from Galaxy declares that the Bitcoin cycle low is established, highlighting the recapture of the 50-week moving average, price stability near $80,000, and the contrarian nature of holding long positions presently.
Galaxy’s recent analytical report begins with a direct statement: “We believe the bottom is in.” Alex Thorn details the data, beginning with the historical precedent that reclaiming the 50-week moving average following more than 20 weeks underneath it has consistently avoided subsequent new lows. He elaborates on the significance of Bitcoin holding firm around the $80,000 threshold and details the reasons why maintaining long exposure currently represents a contrarian stance.
Chapters:
00:00 Bitcoin at $81K After the Fed: Is the Bottom In?
00:38 Galaxy’s 50-Week Moving Average Signal
02:10 Bitcoin’s Resilience Around $80K Amid AI Fears
02:54 Light Positioning: “The Crowd Is Not Here”
04:17 13F Filings: Hedge Funds Out, Sovereigns and Wealth Managers In
06:15 Tokenization Hype, the Narrative Pendulum and the Basis Trade
10:06 Strategy’s Daily Dividends, Strive and Tonight’s Earnings Call
12:27 Why the AI Build-Out Is a Debasement Machine
16:11 U.S. Debt, Fiscal Dominance and Bitcoin as Digital Gold
19:21 AI Cyber Attacks, Hardware Wallets and Multisig
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Originally published at https://bitcoinmagazine.com/videos/alex-thorn-50-week-signal-says-bitcoins-bottom-is-in.
