Bitcoin's True Capitulation Zone is $65K, Says Well-Followed Analyst

Quick Summary:

James Check points to $65K as the average investor’s cost basis, while $1T market cap ($50k) may serve as a psychological floor.

Check also took note of the extended period of "chopsolidation" in 2024 — where bitcoin traded for months in a wide range between $50K and $70K — as establishing a strong foundation of support.

A drop to as low as $40,000 seems unlikely, he said, barring a global recession.

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Article Details

Author / Journalist: James Van Straten

Category: Crypto

Markets: United StatesCuba

Topics: Markets Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 14:47:31 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 210 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 27951283

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