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Galaxy's Alex Thorn Says 50-Week Signal Points to Bitcoin Bottom

Galaxy's Alex Thorn says Bitcoin's bottom is in, citing the 50-week moving average and resilience near $80,000.

30/10/2026 13:284 min read

Galaxy's latest research note starts with a direct call: “We believe the bottom is in.” Alex Thorn goes through the evidence, starting with a fact: once the 50-week moving average is regained after 20+ weeks below it, a new low has never followed. He also explains why Bitcoin's steadiness around $80K matters and why he views being long Bitcoin at this point as a contrarian stance.

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