[Analyst: Bitcoin is in a historic bottoming range, the real test is entry timing rather than price] Odaily Planet Daily News - On-chain analyst James Check stated that multiple technical and on-chain mean reversion models indicate 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 historic bottom regions similar to December 2018 and June 2022. While prices may still dip further, the real test for bulls will be 'entry timing' rather than '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?' (CoinDesk)