Bitcoin's 'Calm Top' Suggests Higher Market Bottom, Galaxy Research Finds
Bitcoin's 'Calm Top' Suggests Higher Market Bottom, Galaxy Research Finds
Published on
New research from Galaxy suggests that Bitcoin's current market behavior, described as a 'calm top,' indicates its floor price may not decline to the depths observed in previous bear cycles. However, the process of finding the ultimate market bottom is still considered ongoing.
New data from Galaxy Research suggests that Bitcoin's floor price may not drop as low as previous bear markets, but the bottom-finding process is still playing out.