Bitcoin analyst James Check stated that there is no reason for Bitcoin to retreat to $95,000, adding that if it does, the rally is likely over for some time.
Bitcoin holders may want to rethink their price targets for 2025, with one Bitcoin analyst arguing that $110,000 has been firmly established as Bitcoin’s new bottom.
“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 said in an interview published on YouTube on Thursday.
“We’ve built an enormous base up here at $2 trillion,” he said, referring to Bitcoin’s (BTC) market capitalization, which is currently sitting at around $2.42 trillion. “We proved a trillion [in 2024], we’ve proved $2 trillion in [2025], so now the question is how many trillions,” he said.
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