Bitcoin holders may want to re -imagine their target prices for 2025, with a Bitcoin analyst claiming that $ 110,000 is firmly established as the new bottom of Bitcoin.
“You can start lifting some of your targets and saying,” Well, since we’ve proven 110, that’s the floor, where are we going here? “Check James Says In an interview published on YouTube on Thursday.
“We built a huge base here at $ 2 trillion,” he said, referring to Bitcoin’s (Btc) Market capitalization, which is currently sitting around $ 2.42 trillion. “We proved a trillion (in 2024), we proved $ 2 trillion at (2025), so now the question is how many trillions,” he said.
Bitcoin at $ 95,000 is a floor, not a ceiling
“Sixty percent along the dollars that ever invested in Bitcoin is over 95K,” Check said. “That’s more of a floor than the ceiling,” he added, as the holders were not very interested in selling Bitcoin less than they paid.
The check said the “most social thing” was to go to $ 150,000, which would be an approximately $ 3 trillion market cap. “This is one of the great binary and market settings that you will always hold two views at the same time,” he added.
In December 2024, Galaxy Digital Head of Digital Research Alex Thorn invited that Bitcoin could reach $ 150,000 in 2025, with the potential to climb a higher $ 185,000.
With many forecasts made this year as high as $ 250,000, market participants consider how high Bitcoin is rising and how long it will take.
Bitcoin Bulls are in control, Check says
However, Check said there was no “reason for the market” to drop to $ 95,000. “We have proven that we want to be higher. The bulls are in control,” he said.
“If not, the bulls are a weak sauce and maybe we’ve finished for a period of time,” he added.
Related: Bitcoin because for squeeze as record $ 88b Open the ‘flush’ concerns
Bitcoin traded at $ 121,392 at the time of publication, up to 0.80% in the past seven days, According to In coinmarketcap. A move to $ 150,000 represents a 23.50% increase from the current price.
Capriole Investments founder Charles Edwards also believes that the move to $ 150,000 may not be far away. On October 2, he argued that Bitcoin recovering the $ 120,000 psychological mark could lead to a “very fast” breakout at a new full time of $ 150,000.
Magazine: Delayed
