Bitcoin to $58,000? Galaxy Digital's Research Head Sees More Weakness Ahead — Here's Why [Yahoo! Finance]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: Yahoo! Finance
The 200-week moving average near $58,000 remains a historically critical support level. Bitcoin's long-awaited rebound is failing to materialize — and Galaxy Digital is sounding the alarm. With BTC struggling to hold ground near $78,000, Galaxy Digital's Head of Firmwide Research, Alex Thorn, says the market may not be done falling. In a recent assessment, Thorn warned that Bitcoin could drift lower toward the $58,000 region, a move that would represent a deep but historically familiar correction. Despite improving conditions in equities and commodities, Bitcoin has failed to regain bullish momentum. Instead, technical weakness and fragile investor sentiment are beginning to dominate the narrative. According to Thorn, Bitcoin's current drawdown fits a broader pattern of cc rather than a clean trend reversal. He argues that BTC could continue drifting lower over the coming weeks or months, eventually testing the 200-week moving average (MA). At the time of writiing BTC w
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News
- Galaxy Digital Inc (GLXY) Q4 2025 Earnings Call Highlights: Record Gross Profit Amid Market ... [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital's Zac Prince questions Bitcoin treasury firms' model [Yahoo! Finance]Yahoo! Finance
- Galaxy Digital (NASDAQ:GLXY) had its "buy" rating reaffirmed by analysts at BTIG Research. They now have a $50.00 price target on the stock.MarketBeat
- Galaxy Digital Non-GAAP EPS of -$1.08 misses by $0.16, revenue of $10.37B misses by $1.77B [Seeking Alpha]Seeking Alpha
- Galaxy Announces Fourth Quarter and Full Year 2025 Financial ResultsPR Newswire
GLXY
Earnings
- 2/3/26 - Beat
GLXY
Sec Filings
- 2/3/26 - Form 8-K
- 1/15/26 - Form 424B3
- 1/15/26 - Form 424B3
- GLXY's page on the SEC website