Analyst: Bitcoin Is in a Historic Accumulation Zone, the Real Test Is Timing, Not Price

Odaily News On-chain analyst James Check stated that multiple technical and on-chain mean reversion models indicate Bitcoin is currently in a "textbook accumulation zone." Historically, this phase typically occurs after a panic sell-off in price. Both technical indicators and on-chain valuation models have currently retreated to levels similar to historic bottom regions like December 2018 and June 2022. While the price may still drop further, the real test for bulls will be "timing the entry" rather than "the price." James Check concluded: "This is Bitcoin's classic de-risking structure. If you're not choosing to accumulate Bitcoin at this stage, then when are you planning to wait for?" (CoinDesk)