Analyst: Bitcoin is already in a historic bottoming range, the real test is timing the entry rather than the price
According to Odaily, on-chain analyst James Check stated that multiple technical and on-chain mean reversion models indicate that bitcoin is currently in a "textbook bottoming range." Historically, this phase typically appears after panic selling in the market. Both technical indicators and on-chain valuation models have now returned to historically significant bottom regions, similar to those seen in December 2018 and June 2022. Although prices may still dip further, the real test for bulls will be "timing of entry" rather than "price." James Check concluded: "This is the typical de-risking structure of bitcoin. If you choose not to accumulate bitcoin at this stage, then when are you planning to?"
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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