{"id":53847,"date":"2025-10-10T14:00:06","date_gmt":"2025-10-10T11:00:06","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=53847"},"modified":"2025-10-10T13:02:47","modified_gmt":"2025-10-10T10:02:47","slug":"bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level\/","title":{"rendered":"Bitcoin Analyst Predicts New Bottom: Where Is the Next Support Level?"},"content":{"rendered":"<p data-start=\"77\" data-end=\"375\">The <strong>bullish<\/strong> momentum in the <a href=\"https:\/\/coinengineer.net\/blog\/major-entry-into-bitcoin-etfs-rally-in-ethereum-etfs-comes-to-a-halt\/\"><strong>Bitcoin<\/strong> <\/a>market continues to build. Prominent Bitcoin analyst <strong data-start=\"166\" data-end=\"181\">James Check<\/strong> recently stated that there\u2019s \u201cno reason\u201d for the leading cryptocurrency to fall back to $95,000, asserting that $110,000 has now been firmly established as Bitcoin\u2019s new bottom level.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level\/#110000_Becomes_Bitcoins_New_Floor\" title=\"$110,000 Becomes Bitcoin\u2019s New Floor\">$110,000 Becomes Bitcoin\u2019s New Floor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level\/#95000_Is_a_Floor_Not_a_Ceiling\" title=\"$95,000 Is a Floor, Not a Ceiling\">$95,000 Is a Floor, Not a Ceiling<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level\/#Bullish_Outlooks_for_2025_Strengthen\" title=\"Bullish Outlooks for 2025 Strengthen\">Bullish Outlooks for 2025 Strengthen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level\/#%E2%80%9CThe_Bulls_Are_in_Control%E2%80%9D\" title=\"\u201cThe Bulls Are in Control\u201d\">\u201cThe Bulls Are in Control\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-analyst-predicts-new-bottom-where-is-the-next-support-level\/#Is_150000_Next\" title=\"Is $150,000 Next?\">Is $150,000 Next?<\/a><\/li><\/ul><\/nav><\/div>\n<h3 data-start=\"382\" data-end=\"426\"><span class=\"ez-toc-section\" id=\"110000_Becomes_Bitcoins_New_Floor\"><\/span>$110,000 Becomes Bitcoin\u2019s New Floor<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"428\" data-end=\"602\">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.<\/p>\n<blockquote data-start=\"604\" data-end=\"716\">\n<p data-start=\"606\" data-end=\"716\">\u201cWe can confidently say that $110,000 is now a proven floor. The next question is\u2014where do we go from here?\u201d<\/p>\n<\/blockquote>\n<p data-start=\"718\" data-end=\"865\">According to Check, Bitcoin\u2019s market capitalization currently stands around $2.42 trillion, signaling a solid support zone at current levels.<\/p>\n<blockquote data-start=\"866\" data-end=\"1000\">\n<p data-start=\"868\" data-end=\"1000\">\u201cWe proved $1 trillion in 2024, and we\u2019ve proved $2 trillion in 2025. Now the question is\u2014how many trillions come next?\u201d he added.<\/p>\n<\/blockquote>\n<h3 data-start=\"1007\" data-end=\"1048\"><span class=\"ez-toc-section\" id=\"95000_Is_a_Floor_Not_a_Ceiling\"><\/span>$95,000 Is a Floor, Not a Ceiling<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1050\" data-end=\"1158\">James Check emphasized that the $95,000 level should now be viewed as a bottom rather than resistance.<\/p>\n<blockquote data-start=\"1160\" data-end=\"1281\">\n<p data-start=\"1162\" data-end=\"1281\">\u201cOver 60% of all dollars ever invested in Bitcoin are above $95,000. That\u2019s more of a floor than a ceiling,\u201d he said.<\/p>\n<\/blockquote>\n<p data-start=\"1283\" data-end=\"1440\">Based on this data, the analyst believes Bitcoin\u2019s most logical next target is $150,000, which would represent a market cap of roughly $3 trillion.<\/p>\n<blockquote data-start=\"1441\" data-end=\"1556\">\n<p data-start=\"1443\" data-end=\"1556\">\u201cThis is one of those binary setups where markets force you to hold two perspectives at once,\u201d Check explained.<\/p>\n<\/blockquote>\n<h3 data-start=\"1563\" data-end=\"1607\"><span class=\"ez-toc-section\" id=\"Bullish_Outlooks_for_2025_Strengthen\"><\/span>Bullish Outlooks for 2025 Strengthen<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1609\" data-end=\"1813\">In line with Check\u2019s perspective, Galaxy Digital\u2019s Head of Research, Alex Thorn, forecasted in December 2024 that Bitcoin could reach $150,000 in 2025, with potential upside toward $185,000.<\/p>\n<p data-start=\"1815\" data-end=\"2005\">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.<\/p>\n<h3 data-start=\"2012\" data-end=\"2046\"><span class=\"ez-toc-section\" id=\"%E2%80%9CThe_Bulls_Are_in_Control%E2%80%9D\"><\/span>\u201cThe Bulls Are in Control\u201d<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2048\" data-end=\"2102\">Commenting on current market sentiment, Check noted:<\/p>\n<blockquote data-start=\"2103\" data-end=\"2221\">\n<p data-start=\"2105\" data-end=\"2221\">\u201cThere\u2019s no excuse for the market to drop back to $95,000. We\u2019ve proven we want higher. The bulls are in control.\u201d<\/p>\n<\/blockquote>\n<p data-start=\"2223\" data-end=\"2417\">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.<\/p>\n<h3 data-start=\"2424\" data-end=\"2449\"><span class=\"ez-toc-section\" id=\"Is_150000_Next\"><\/span>Is $150,000 Next?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2451\" data-end=\"2642\">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.<\/p>\n<p data-start=\"2644\" data-end=\"2886\">Charles Edwards, founder of Capriole Investments, echoed this view, suggesting that Bitcoin\u2019s 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.<\/p>\n<p data-start=\"2644\" data-end=\"2886\">*Does not contain investment advice.<\/p>\n<p data-start=\"2644\" data-end=\"2886\">Also, feel free to share your thoughts on the topic in the comments. Additionally, you can follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineer\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/CoinEngineer\"><strong>YouTube<\/strong><\/a>, and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0for more real-time news and updates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bullish momentum in the Bitcoin market continues to build. Prominent Bitcoin analyst James Check recently stated that there\u2019s \u201cno reason\u201d for the leading cryptocurrency to fall back to $95,000, asserting that $110,000 has now been firmly established as Bitcoin\u2019s new bottom level. $110,000 Becomes Bitcoin\u2019s New Floor In his latest remarks, Check suggested that<\/p>\n","protected":false},"author":29,"featured_media":34757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2476,61,60,1589,393,9882],"class_list":["post-53847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-analysis","tag-bitcoin","tag-btc","tag-bull","tag-crypto","tag-support"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Analyst Predicts New Bottom: Where Is the Next Support Level? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The Bitcoin market continues to trend upward. 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