Bitcoin holders are being urged to reconsider their 2025 price targets as prominent analyst James Check claims $110,000 now stands as the new bottom for bitcoin.
Analyst sees new floor at $110,000
In a recent interview, James Check explained that bitcoin has established a solid base at the $2 trillion market cap level, with the current price hovering near $121,000 and a market capitalization of approximately $2.42 trillion. He remarked:
“You can kind of start lifting some of your targets and saying, ‘Well, because we’ve proven 110, that’s the floor, where do we go from here?’”
Historical investment supports higher prices
Check noted that over 60% of all dollars invested in bitcoin are above the $95,000 mark.
He argued this price point is now more of a floor than a ceiling, as investors are unlikely to sell below their cost basis.
He suggested that the “most logical” next move would be toward $150,000, which would represent a market capitalization of roughly $3 trillion.
These views echo other recent bullish forecasts, including Galaxy Digital’s Alex Thorn, who projected a $150,000 bitcoin in 2025.
Bulls remain in control
Despite some volatility, Check dismissed the likelihood of a significant drop back to $95,000, stating:
“We have proven that we want higher. The bulls are in control.”
Capriole Investments founder Charles Edwards also indicated that reclaiming the $120,000 mark could spur a rapid move to new all-time highs.
At press time, bitcoin is trading at $121,392, with a 0.80% gain over the past week. A rise to $150,000 would require roughly a 23.5% increase from current levels.
