[Galaxy Research Director: BTC Weekly Closing Price Above 50-Week Moving Average, Bear Market Bottom Confirmed] Galaxy Research Director Alex Thorn posted on the X platform, stating that BTC's weekly closing price has risen above the 50-week moving average for the first time in 45 weeks. Historically, returning to the 50-week moving average strongly confirms that the bear market bottom has been established. Bitcoin has risen 29% in 35 days.