[Analyst: BTC is in a 'textbook bottoming range,' the key test lies in timing rather than price] Deep Tide TechFlow reports, on February 24, according to CoinDesk, 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 occurs after panic selling in the market. Both technical indicators and on-chain valuation models have now fallen back to historical bottom regions similar to December 2018 and June 2022. While prices may still dip further, the real test for bulls will be the investment 'timing' rather than the 'price.' James Check concluded: 'This is Bitcoin's typical de-risking structure. If you don't choose to accumulate Bitcoin at this stage, then when are you planning to?'