As the Bitcoin market begins 2026 with turbulent times, renowned on-chain analyst James Check delivered important messages to his followers on Natalie Brunell’s “Coin Stories” program.
Check argued that Bitcoin is a reflection of human psychology rather than technical indicators, describing the current state of the market as a battleground between “smart money” and “panic sellers.”
Check stated that the market was going through a phase of “sideways movement and price pain” that was frustrating investors before a “parabolic rise”.
According to analyst James Check, true bottoms in Bitcoin are formed not by “good feelings,” but by “fear and pain.” Check stated that the sharp sell-offs in November and February were a release of “price pain energy” in the market. The analyst specifically noted that the $95,000 level is a critical resistance for bulls, and that a massive panic wave is triggered when the price falls below this level, leaving 70% of investors in losses.
Check, who described the current state of the market as “chopolidation,” said that Bitcoin could trade sideways for months, creating extreme excitement with every green candle and extreme pessimism with every red candle. He added that this process could disappoint investors “to the point of tears,” but that it is necessary for a healthy bottom formation.
James Check expects Bitcoin to form a bottom pattern in the $50,000 to $70,000 range by 2026.
He stated that spot Bitcoin ETFs were not the main source of the sell-off in the market, but rather that many ETF investors were acting as loyal “HODLers” (long-term holders).
Check argued that BTC has now moved from the “freshwater pool” into the “great salt ocean” (the traditional financial world), and that even a 0.1% portfolio allocation by institutions could take the market to unimaginable heights.
*This is not investment advice.
