CMC News

$BTC Analyst Sets $110K as New Price Floor for $BTC

$BTC analyst James Check argues $110,000 has established itself as a firm floor for $BTC rather than a ceiling. Check stated in a Thursday interview that holders should reconsider their 2025 price targets based on this new support level.

Over 60% of the dollars ever invested in $BTC entered above $95,000, according to Check. This concentration of cost basis creates a natural floor as holders show little interest in selling below their purchase prices. Check emphasized the bulls remain in control of market direction.

$BTC market capitalization currently sits at around $2.42 trillion after proving the $2 trillion level in 2025. Check noted the asset previously established $1 trillion as support in 2024. The analyst questioned how many additional trillions the market cap could reach rather than whether it would retreat.

A move to $150,000 represents the "most logical" next target according to Check, which would push market capitalization to approximately $3 trillion. From current levels around $121,400, this would require a 23.5% increase. Galaxy Digital's Alex Thorn projected similar targets in December 2024 with potential upside to $185,000.

Check warned that any decline to $95,000 would signal weak bullish momentum and likely end the rally for an extended period. The analyst stated there exists "no excuse for the market" to revisit those lower levels given proven demand at higher prices.