Bitcoin cycle bottom may already be in at $58K, says analyst James Check

60-second summary

James Check, an on‑chain analyst, argues Bitcoin likely bottomed around $58,000 after two sharp capitulations, warning traders not to anchor expectations to the October low. He notes that the recent price consolidation, reduced long‑liquidations and improving network metrics suggest the worst may be over. Consequently, the market could see renewed buying pressure and a potential rally.