Galaxy Research Head Alex Thorn stated that Bitcoin's weekly close above the 50-week moving average marks the first time this technical milestone has been achieved in 45 weeks. Historically, reclaiming this key indicator strongly confirms that the bear market bottom has been established. Bitcoin has risen 29% over the past 35 days, reinforcing the bullish technical signal identified by Thorn. The sustained move above the 50-week moving average serves as a significant confirmation point for market structure recovery following the extended period below this threshold.