Bitcoin Bear Market Ended and Currently in Accumulation Phase, Galaxy Research Says
· price · Sentiment: neutral
Bitcoin has likely exited its bear market and entered an accumulation phase, according to Galaxy Research, with on-chain and market cycle indicators showing capitulation has concluded and sideways consolidation is now underway. Multiple simulations project a median path for Bitcoin reaching $1 million by 2033, reinforcing expectations of a multi-year bullish trajectory following the current base-building period. The consensus implies that patient accumulation at present levels positions investors for substantial long-term appreciation as the next halving cycle matures.