Bitcoin slips under 50-week average, and Galaxy's Alex Thorn flags a pattern
Bitcoin has fallen back below its 50-week average, according to Galaxy's Alex Thorn. He points out that the last two times this happened after a bear-market bottom, the price never went on to set a new low.
- Original source: X account @Cointelegraph.
- The source published it on Nov 9, 2026 at 6:30 AM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
Bitcoin has dropped back beneath its 50-week moving average, Galaxy's Alex Thorn said in comments flagged by Cointelegraph. The level is a long-running technical marker traders use to gauge whether the asset is riding above or below its medium-term trend.
Thorn's read is historical, not panicked: the last two times Bitcoin slipped below that average after a bear-market bottom, prices never went on to print a new low. That makes the current dip a test of a pattern rather than a confirmed breakdown, in his framing.
The note landed as the market watches whether Bitcoin holds its post-bottom structure or revisits prior lows. Thorn, Galaxy's head of research, tied his observation to those two earlier post-bottom episodes rather than to any single price target.
TopicsBitcoin · Galaxy · Alex Thorn
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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