Galaxy Digital Executive Says BTC Shows Strong Uptrend Momentum

Galaxy Digital's chief researcher Alex Thorn stated that Bitcoin is currently exhibiting strong upward momentum. He noted on X that Bitcoin has surpassed the 50-week moving average, and historical data shows this breakout often signals the formation of a bear market low. Specifically, if Bitcoin closes above the 50-week moving average on Sunday's weekly close while maintaining that level, it would further support his claim that 'this uptrend is real.'