{"id":6961,"date":"2026-02-25T07:55:53","date_gmt":"2026-02-25T07:55:53","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6961"},"modified":"2026-02-25T07:55:53","modified_gmt":"2026-02-25T07:55:53","slug":"prominent-analyst-questions-hesitation-as-bitcoin-enters-classic-bottom-zone","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6961","title":{"rendered":"Prominent Analyst Questions Hesitation as Bitcoin Enters Classic Bottom Zone"},"content":{"rendered":"

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  • On-chain analyst James Check notes that Bitcoin\u2019s current $63K level aligns with historical \u201cbottom formation\u201d zones similar to December 2018 and June 2022.<\/span><\/li>\n
  • While further downside is possible, the analysis suggests the market is in a \u201cde-risked accumulation phase\u201d where time consolidation is a bigger hurdle than further price collapse.<\/span><\/li>\n
  • Institutional flows are currently pressured, with analyst Eric Jackson noting that Bitcoin is trading like a high-beta tech asset following sustained spot ETF outflows since October 2025.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin has been hovering just slightly over the US$63K (AU$89K) level, which on-chain analyst James Check believes matches historical bottom formation zones seen after major capitulation events.<\/p>\n

    In an X note published Wednesday, Check highlighted that multiple reversion models from technical and on-chain data are aligned in ranges previously associated with cycle lows, citing December 2018 and June 2022 as comparable periods, when sharp drawdowns were followed by extended base-building before recovery.<\/p>\n

    Read more: Curve Founder: DAO Disputes Signal Strength, Not Weakness<\/strong><\/p>\n

    Bitcoin Has \u201cBroken\u201d From Its Old Patterns<\/h2>\n

    Check argued that either Bitcoin has structurally broken from its historical pattern of mean reversion or current conditions represent a de-risked accumulation phase.\u00a0<\/p>\n

    He cautioned that further downside is possible but said time consolidation, rather than additional price collapse, is likely to be the larger hurdle.\u00a0<\/p>\n

    In 2022, Bitcoin\u2019s widely remembered US$15,600 (AU$23,868) low came months after what he considers the effective bottom near US$17,600 (AU$26,928), followed by a prolonged stagnation and a final liquidity event around the FTX failure.<\/p>\n

    Meanwhile, institutional flows are adding pressure as US spot Bitcoin ETFs have recorded sustained net outflows since October 2025, coinciding with weaker price action.<\/p>\n

    EMJ Capital founder Eric Jackson described the ETF-driven selloff as a \u201cpurification\u201d phase, saying Bitcoin has recently traded in close correlation with BlackRock\u2019s iShares Expanded Tech-Software Sector ETF (IGV) and suggesting it is behaving more like a high-beta technology asset than a store of value.\u00a0<\/p>\n

    Jackson argued that institutional investors have become the dominant marginal buyers this cycle, replacing retail demand seen in 2021. He said a slowdown in tech-sector selling and renewed stablecoin growth on exchanges could mark a shift in momentum.<\/p>\n

    Related: XRP Sees Biggest Realised Loss Spike Since 2022: Capitulation or Turning Point?\u00a0<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Market Analysis#Prominent #Analyst #Questions #Hesitation #Bitcoin #Enters #Classic #Bottom #Zone1772006153<\/p>\n","protected":false},"excerpt":{"rendered":"

    On-chain analyst James Check notes that Bitcoin\u2019s current $63K level aligns with historical \u201cbottom formation\u201d zones similar to December 2018 and June 2022. While further downside is possible, the analysis suggests the market is in a \u201cde-risked accumulation phase\u201d where time consolidation is a bigger hurdle than further price collapse. Institutional flows are currently pressured,<\/p>\n","protected":false},"author":1,"featured_media":6962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[460,91,891,1143,241,2804,2803,2681,841],"class_list":{"0":"post-6961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-analyst","9":"tag-bitcoin","10":"tag-bottom","11":"tag-classic","12":"tag-enters","13":"tag-hesitation","14":"tag-prominent","15":"tag-questions","16":"tag-zone"},"yoast_head":"\nProminent Analyst Questions Hesitation as Bitcoin Enters Classic Bottom Zone - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6961\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prominent Analyst Questions Hesitation as Bitcoin Enters Classic Bottom Zone\" \/>\n<meta property=\"og:description\" content=\"On-chain analyst James Check notes that Bitcoin\u2019s current $63K level aligns with historical \u201cbottom formation\u201d zones similar to December 2018 and June 2022. 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