Analyst Predicts New Low for Bitcoin at $110,000

Bitcoin holders may want to reconsider their price expectations for 2025, as Bitcoin analyst James Check asserts that $110,000 has been established as Bitcoin’s new minimum value.

“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?’”
James Check stated in an interview released on YouTube on Thursday.

“We’ve built an enormous base up here at $2 trillion,” he continued, referring to Bitcoin’s (BTC) market cap, currently around $2.42 trillion.
The translation reads: James Check stated that there is no reason for Bitcoin to fall to $95,000, suggesting a significant rally is needed.

Bitcoin as a Foundation, Not a Limit

“Sixty percent plus of the dollars that have ever been invested in Bitcoin is above $95K,” Check explained.
The interpretation here is that the $95,000 mark is more of a base than a barrier to growth.

Check believes that a movement towards $150,000, translating to a market cap of approximately $3 trillion, would be the next logical step.

“It’s one of these nice binary setups and markets you’ve always got to hold two views at the same time,” he explained.

James Check James Check spoke to Marty on the TFTC podcast on Thursday. Source: TFTC

In December 2024, Galaxy Digital’s Alex Thorn suggested Bitcoin could reach $150,000 in 2025, with possibilities even higher up to $185,000. As optimistic forecasts escalate to $250,000, market stakeholders are pondering Bitcoin’s potential peak and the timeline to achieve such heights.

Confidence Among Bitcoin Enthusiasts

However, Check emphasizes there is “no excuse for the market” to drop down to $95,000. “We have proven that we want higher. The bulls are in control,” he noted.

“If not, the bulls are weak sauce and we’re probably over for a period of time,” he added.

Bitcoin is currently priced at $121,392, showing an increase of just 0.80% over the last week, according to CoinMarketCap. A rise to $150,000 would mean a 23.50% surge from its existing value.【Related: Bitcoin due for squeeze as record $88B open interest sparks ‘flush’ worries】