Galaxy Research says bitcoin has likely bottomed, with $76,540 as the line in the sand
- —BTC held above its 50-week average for five weeks through Oct. 18
- —Only 4 of 13 prior reclaims followed at least 20 weeks of weakness
- —Coins idle 5+ years changed hands about half as often in 2026 as in 2024
- —Thesis invalidated by a weekly close below $76,540 without a rebound in a month
Why it matters: Galaxy's call comes with a testable invalidation level, giving traders a concrete gauge for whether the bottom holds.
Source: Crypto Insiders