Markets
James Check, that most solemn oracle of onchain mysticism, declares Bitcoin’s price chart a masterwork of bottom formation, as if the cryptocurrency were a tragic hero awaiting its catharsis. “Every mean reversion model,” he intones, “is trading within bottom formation levels”-a phrase that sounds like a priest at a funeral, though one might suspect he’s secretly enjoying the drama.
Bitcoin, currently teetering near $63,000, is said to resemble the calm before some grand, historically precedent-setting recovery. Or perhaps it’s merely the calm before another liquidity flush, à la FTX, where investors discover their savings are now a metaphor. “Either Bitcoin is dead,” Check muses, “or you should be quietly stacking sats.” A dilemma! One might say it’s the crypto equivalent of choosing between existential despair and a slow-burn investment thesis.
He recalls 2022’s bear market with the nostalgia of a man who once owned a Siberian fox. “Bitcoin bottomed six months before the final panic,” he notes, as if time itself were a patient torturer. The modern investor, it seems, must master not just charts but the art of waiting-preferably while clutching their wallet like a prayer.
“This is literally what a de-risked setup looks like,” Check concludes, his words dripping with the certainty of a man who has never lost a bet. “If you’re not accumulating Bitcoin at this stage, then when?” Ah, yes. When indeed? Perhaps when the market next collapses, or when the next prophet arrives with a better chart. Or perhaps when we all realize we’ve been writing tragedies in a world that only understands farce.
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2026-02-24 17:24