Prominent Analyst Questions Hesitation as Bitcoin Enters Classic Bottom Zone
On-chain analyst James Check notes that Bitcoin’s current $63K level aligns with historical “bottom formation” zones similar to December 2018 and June 2022. While further downside is possible, the analysis suggests the market is in a “de-risked accumulation phase” where time consolidation is a bigger hurdle than further price collapse. Institutional flows are currently pressured, […]
