Bitcoin Analyst Predicts $150,000 Target as New Price Floor Signals Bullish Momentum
NEW YORK – Bitcoin’s recent resilience, establishing a new price floor around $110,000, is fueling optimism among investors and analysts, with some predicting a surge too $150,000 in the near future.Analyst James Check believes this new bottom demonstrates growing confidence in Bitcoin’s long-term prospects and suggests the cryptocurrency is on “solid footing” for continued growth in 2025.
The shift in investor sentiment stems from Bitcoin’s robust market capitalization growth, climbing from $1 trillion in 2024 to $2 trillion in 2025, surpassing key milestones.”Investors no longer have to wonder if the price of bitcoin will rise, but by how much,” Check stated, emphasizing the solid foundation laid for further price appreciation.
This assessment is echoed by other industry figures. Alex Thorn of Galaxy digital and an unnamed academic previously predicted Bitcoin could reach between $150,000 and $185,000 in 2025. A move to $150,000 would represent a nearly 23.5% increase from Bitcoin’s current price of around $121,000.
Capriol Investment founder Charles Edwards believes a recovery and sustained hold above the $120 million level could trigger a rapid ascent to new all-time highs.
Check cautions that failure to maintain the $110,000 level would indicate a weakening bull thesis and possibly stall the uptrend. However, current indicators suggest continued buying pressure and strengthening momentum. he identifies the $110 million mark as Bitcoin’s new “price floor,” signaling a strong base for future gains and prompting investors to revise their price targets upwards for 2025.
