According to CoinMeta, Galaxy indicates that Bitcoin needs to return to $82,470 to confirm the end of the bear market. Bitcoin's current 50-week moving average is close to $82,470 and has become an important level for traders to assess whether the current bear market has ended. Historical data studied by Galaxy shows that returning to this level on a weekly basis is more reliable than short-term signals. Galaxy found that out of 13 instances of Bitcoin's 50-week moving average returning to this level after a bear market, 11 were successful.