Bitcoin investors may need to adjust their 2025 price expectations, as one analyst suggests $110,000 has now become Bitcoin’s new floor.
“You can start raising your targets and ask, ‘If $110K is the proven floor, where do we go from here?’” said James Check in a YouTube interview Thursday.
Check pointed to Bitcoin’s market capitalization, currently around $2.42 trillion, noting, “We built an enormous base at $2 trillion. We proved $1 trillion in 2024, $2 trillion in 2025—so now the question is, how many trillions can we reach?”
On the current $95K level, Check said, “60% plus of the dollars ever invested in Bitcoin are above $95K. That’s more of a floor than a ceiling,” explaining that most holders are unlikely to sell below their purchase price.
Looking ahead, Check sees $150,000 as a logical next target, which would translate to roughly a $3 trillion market cap. “It’s one of those setups where you have to hold two views at once,” he added.
In December 2024, Alex Thorn, head of digital research at Galaxy Digital, projected that Bitcoin could hit $150,000 in 2025, with upside potential reaching $185,000.
With several bullish predictions this year targeting as high as $250,000, investors are increasingly debating just how high Bitcoin could climb—and how quickly.
Bitcoin bulls remain in control, says Check
James Check emphasized that there is “no excuse for the market” to drop to $95,000. “We’ve proven the demand for higher prices. The bulls are in control,” he said.
“If not, then the bulls are weak, and we might face a period of stagnation,” he added.
At the time of publication, Bitcoin is trading at $121,392, up 0.8% over the past seven days, according to CoinMarketCap. A rise to $150,000 would mark a 23.5% increase from its current price.
Charles Edwards, founder of Capriole Investments, also sees a near-term path to $150,000. On October 2, he suggested that reclaiming the $120,000 psychological level could trigger a “very quick” breakout to a new all-time high.
