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Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In

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Bitcoin Magazine
By Patrick Green
10/30/2026, 1:22:21 PM
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Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In
EXECUTIVE SUMMARY

▶ Bitcoin Magazine Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In Galaxy's Alex Thorn calls the Bitcoin bottom, pointing to the 50-week moving average reclaim, resilience at $80K, and why being long is now contrarian. This post Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In first appeared on Bitcoin Magazine and is written by Patrick Green.

Key Takeaways

  • Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In.
  • This post Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In first appeared on Bitcoin Magazine and is written by Patrick Green.
  • He explains why Bitcoin’s resilience around $80K matters and why he thinks it’s contrarian to say long Bitcoin right now.

▶Bitcoin Magazine Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In Galaxy’s new research note opens with a blunt call: “We believe the bottom is in.” Alex Thorn breaks down the evidence, starting with the fact that regaining the 50-week moving average after 20+ weeks below it has never been followed by a new low. He explains why Bitcoin’s resilience around $80K matters and why he thinks it’s contrarian to say long Bitcoin right now. Chapters:00:00 Bitcoin at $81K After the Fed: Is the Bottom In?00:38 Galaxy’s 50-Week Moving Average Signal02:10 Bitcoin’s Resilience Around $80K Amid AI Fears02:54 Light Positioning: “The Crowd Is Not Here”04:17 13F Filings: Hedge Funds Out, Sovereigns and Wealth Managers In06:15 Tokenization Hype, the Narrative Pendulum and the Basis Trade10:06 Strategy’s Daily Dividends, Strive and Tonight’s Earnings Call12:27 Why the AI Build-Out Is a Debasement Machine16:11 U.S. Debt, Fiscal Dominance and Bitcoin as Digital Gold19:21 AI Cyber Attacks, Hardware Wallets and Multisig DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions. This post Alex Thorn: 50-Week Signal Says Bitcoin’s Bottom is In first appeared on Bitcoin Magazine and is written by Patrick Green.

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