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Galaxy says now is the time to accumulate bitcoin as price trends improve and ETF demand rises.

Market News
27 Oct 2026, 12:42 WIB
Coindesk
View Source
Bullish
Galaxy says now is the time to accumulate bitcoin as price trends improve and ETF demand rises.

Galaxy Digital believes bitcoin's bear market ended in June 2026, marking the start of an accumulation phase supported by improved price trends and reduced speculative selling. Bitcoin's price recovery above its 50-week moving average and increased demand for spot ETFs indicate healthier market conditions. Rising U.S. government debt and fiscal risks further strengthen bitcoin's appeal as a fixed-supply asset. However, Galaxy warns that a sustained drop below $76,540 could challenge this positive outlook, though overall conditions favor a recovery toward previous highs.

Bitcoin's market context as of Oct 27, 2026, shows a mixed cryptocurrency market on Pluang with 16 of 50 major cryptocurrencies rising and 33 falling. Notable movers include GRT at Rp392 with a 1-day change of -2.64% and a strong buy order activity of 87%, AVAX at Rp157,958 down 2.49% with 77% sell orders, and EGLD at Rp58,742 up 2.46% with 98% buy orders. This snapshot is current as of Oct 27, 2026, 17:02 WIB.

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