[Galaxy Research Director: BTC Breaking Above the 50-Week Moving Average May Indicate Bear Market Bottom Has Formed] Galaxy Research Director Alex Thorn posted on the X platform, stating that historically, breaking above the 50-week moving average has always been an important signal confirming the formation of a bear market low. He further noted that if BTC can close above the 50-week moving average this Sunday, it will further confirm this trend. Alex Thorn pointed out that Bitcoin's current performance is strong, with the price already above the 50-week moving average, and the current rally appears 'real.'