NewsSignals AI analysis·The Block·Oct 26, 2026

Galaxy says bitcoin bear market is over; now is the time to buy and hold

Grade Abullish AI signal$BTC

Galaxy Research says Bitcoin’s bear market may be over, citing fading selling pressure from long-term holders and a sustained recovery above its 50-week moving average as reasons to buy and hold BTC. Bitcoin has closed above the 50-week moving average for five consecutive weeks through October 18, while monthly movement from wallets untouched for at least five years fell to 34,000 BTC in 2026 from 47,000 BTC in 2025. The bullish outlook could support further recovery, but a weekly close below $76,540 without reclaiming that level within a month would challenge Galaxy’s thesis.

Bullish strength: 75/100

Bitcoin held above its 50-week moving average for five consecutive weeks through October 18.
Monthly movement from wallets untouched for at least five years declined to 34,000 BTC in 2026 from 47,000 BTC in 2025.
Galaxy says ETFs and public treasury companies absorbed much of the supply moved since October 2024.
Galaxy argues rising U.S. debt and deficits strengthen Bitcoin's appeal as a hedge against currency debasement.

Bearish strength: 25/100

Bitcoin remains about 36% below its October 2025 record of around $126,000.
A weekly close below $76,540 without recovery within a month would challenge Galaxy's bullish outlook.
Galaxy identifies AI-assisted hacking and potential future quantum computing threats as risks to monitor.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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