Key Takeaways
- • Galaxy Digital's research concludes the Bitcoin bear market ended in June 2026, with Bitcoin now in an accumulation phase that has historically preceded price advances.
- • Galaxy cites the 200-week and 50-week moving averages as technical support for the view, and says market positioning suggests sellers have mostly exited.
- • Galaxy notes sentiment has shifted toward blockchain technology rather than Bitcoin itself, a pattern that preceded significant Bitcoin gains in past cycles.
- • On Pluang as of October 27, 2026, Bitcoin traded at Rp1,450,120,282, up 0.16% over 24 hours, with sell orders at 73% versus 27% buy orders.
- • Bitcoin's circulating supply is reported at 96% of maximum, and the research frames current stagnant price action as a possible steady phase before a larger move.
Summary
Galaxy Digital's research indicates the Bitcoin bear market ended in June 2026 and that Bitcoin is now in an accumulation phase, a period the firm says has historically preceded price advances. According to the analysis, key technical indicators, including the 200-week and 50-week moving averages, support this assessment. Market positioning suggests sellers have largely exited the market. Galaxy Digital also points to a shift in sentiment toward blockchain technology rather than Bitcoin itself, a pattern that in previous cycles preceded significant Bitcoin price gains. The firm concludes that Bitcoin could be positioned for a notable price increase in the medium term. Coverage by bloomingbit carries the same headline framing, describing the moment as a buying opportunity.
A market snapshot from Pluang as of October 27, 2026 at 07:51 WIB shows Bitcoin trading at Rp1,450,120,282, with a 0.16% gain over the prior day. Despite the modest uptick, sell orders accounted for 73% of activity against 27% buy orders, which suggests cautious sentiment among users. Bitcoin's circulating supply stands at roughly 96% of its maximum, and the relatively low daily price movement is consistent with the steady phase Galaxy's analysis describes before any significant advance.
Related market context from the same Pluang feed shows Bitcoin trading near $80,000 ahead of the US Federal Reserve's upcoming rate decision, after recently dipping to its lowest level since September. Ethereum closed below its 200-day moving average of $2,329 for a fourth consecutive day, trading near $2,308, which reflects broader caution ahead of the Fed decision.
A market snapshot from Pluang as of October 27, 2026 at 07:51 WIB shows Bitcoin trading at Rp1,450,120,282, with a 0.16% gain over the prior day. Despite the modest uptick, sell orders accounted for 73% of activity against 27% buy orders, which suggests cautious sentiment among users. Bitcoin's circulating supply stands at roughly 96% of its maximum, and the relatively low daily price movement is consistent with the steady phase Galaxy's analysis describes before any significant advance.
Related market context from the same Pluang feed shows Bitcoin trading near $80,000 ahead of the US Federal Reserve's upcoming rate decision, after recently dipping to its lowest level since September. Ethereum closed below its 200-day moving average of $2,329 for a fourth consecutive day, trading near $2,308, which reflects broader caution ahead of the Fed decision.
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