Bitcoin’s New Floor: The $110K Bottom You Didn’t See Coming

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I once believed that waking up to Bitcoin would be like waking up to a polite adult-quiet, punctual, possibly wearing a blazer. Turns out it’s more like waking up to a roommate who’s swapped all the furniture for roller coasters and insists on hosting a late-night seminar on why your life savings are a dessert topping. Welcome to the mental math of 2025, where Bitcoin pretends to be a stock market and then hands you a fortune cookie that says “lol.” 🥴

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. It’s the kind of confidence that makes you pause your coffee and wonder if you’ve misplaced all your life decisions. ☕️

“We’ve built an enormous base up here at $2 trillion,” he said, referring to Bitcoin’s 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. It sounds like a very fancy way of saying, “We’re keeping score with obscene numbers, and somehow this is comforting.” 🧮

Bitcoin at $95K is a floor, not a ceiling

“60% plus of the dollars that have ever been invested in Bitcoin is above 95K,” Check said. “That’s more of a floor than it is a ceiling,” he added, as holders will not be too interested in selling Bitcoin for less than what they paid for. It’s the kind of math that makes your wallet feel like a stubborn houseplant-keep watering it, and it’ll pretend to grow, or at least stay green while you panic.

Check said that the “most logical thing” is to go to $150,000, which would be an approximately $3 trillion market cap. “It’s one of these nice binary setups and markets you’ve always got to hold two views at the same time,” he added. It’s also a great reminder that markets love a paradox as much as a coffee shop loves a line, and somehow both are somehow real.

In December 2024, Galaxy Digital head of digital research Alex Thorn projected that Bitcoin could reach $150,000 in 2025, with potential to climb as high as $185,000.

With several bullish forecasts made this year as high as $250,000, market participants are considering how high Bitcoin might rise and how long it would take. 😅

Bitcoin bulls are in control, says Check

However, Check said there is “no excuse for the market” to go down to $95,000. “We have proven that we want higher. The bulls are in control,” he said. It’s the kind of pep talk you give yourself while counting spare change and wondering if you should just sleep in the closet to save on rent for a year. 🐂

“If not, the bulls are weak sauce and we’re probably over for a period of time,” he added. Hey, even bulls have bad days-sometimes they’re just weak sauce-sad about a spreadsheet.

Bitcoin is trading at $121,392 at the time of publication, up just 0.80% over the past seven days, according to CoinMarketCap. A move to $150,000 would represent a 23.50% increase from its current price. It’s the kind of uptick that makes you check your hoodie pockets for lottery tickets and then realize you’re just hoping for a spare 0.3% gain to bootstrap your optimism.

Capriole Investments founder Charles Edwards also believes the move to $150,000 may not be far off. On October 2, he argued that Bitcoin reclaiming the $120,000 psychological mark may lead to a “very quick” breakout to a new all-time high of $150,000. Quick, like a sitcom plot twist that involves a calculator and a calmer heart rate.

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2025-10-10 09:58