Emre Yumlu 
The bullish momentum in the Bitcoin market continues to build. Prominent Bitcoin analyst James Check recently stated that there’s “no reason” for the leading cryptocurrency to fall back to $95,000, asserting that $110,000 has now been firmly established as Bitcoin’s new bottom level.
$110,000 Becomes Bitcoin’s New Floor
In his latest remarks, Check suggested that investors should start raising their price targets, as Bitcoin has successfully built a strong foundation above six figures.
“We can confidently say that $110,000 is now a proven floor. The next question is—where do we go from here?”
According to Check, Bitcoin’s market capitalization currently stands around $2.42 trillion, signaling a solid support zone at current levels.
“We proved $1 trillion in 2024, and we’ve proved $2 trillion in 2025. Now the question is—how many trillions come next?” he added.
$95,000 Is a Floor, Not a Ceiling
James Check emphasized that the $95,000 level should now be viewed as a bottom rather than resistance.
“Over 60% of all dollars ever invested in Bitcoin are above $95,000. That’s more of a floor than a ceiling,” he said.
Based on this data, the analyst believes Bitcoin’s most logical next target is $150,000, which would represent a market cap of roughly $3 trillion.
“This is one of those binary setups where markets force you to hold two perspectives at once,” Check explained.
Bullish Outlooks for 2025 Strengthen
In line with Check’s perspective, Galaxy Digital’s Head of Research, Alex Thorn, forecasted in December 2024 that Bitcoin could reach $150,000 in 2025, with potential upside toward $185,000.
Other market strategists have gone even further, projecting possible highs of $250,000, reflecting a growing sense of long-term optimism among institutional and retail investors alike.
“The Bulls Are in Control”
Commenting on current market sentiment, Check noted:
“There’s no excuse for the market to drop back to $95,000. We’ve proven we want higher. The bulls are in control.”
However, he also cautioned that if momentum fades, Bitcoin could enter a temporary consolidation phase. Still, all signs currently suggest that buyers remain firmly in charge of the trend.
Is $150,000 Next?
At the time of writing, Bitcoin is trading at $121,392, up 0.8% over the past week. A move toward $150,000 would mark an impressive 23.5% price increase from current levels.
Charles Edwards, founder of Capriole Investments, echoed this view, suggesting that Bitcoin’s recent reclaim of the $120,000 psychological level could pave the way for a rapid breakout toward a new all-time high at $150,000.
*Does not contain investment advice.
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