Galaxy Research announced that Bitcoin's bear market ended around June 30, 2026, with the price bottoming near $76,540. Since then, Bitcoin has entered an accumulation phase, supported by technical signals like five consecutive weekly closes above the 50-week moving average and strong support at the 200-week moving average. The report highlights reduced selling from long-term holders and major macro traders, alongside a positive macroeconomic backdrop with high U.S. federal debt boosting Bitcoin's appeal as a hedge. However, the bullish outlook depends on Bitcoin maintaining its position above the 50-week moving average in the near term.
Bitcoin's bear market reportedly ended in June 2026, marking a shift to accumulation. For readers following the broader cryptocurrency market, here is Pluang's snapshot as of Oct 27, 2026 02:52 WIB: out of 50 major cryptocurrencies, 16 rose and 32 fell today. Notable movers include DOT (Polkadot) at Rp18.200 with 73% buy activity, LUNC (Terra Classic) at Rp0,8 with nearly balanced buy/sell activity, and XTZ (Tezos) at Rp5.053 with 71% sell activity.
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