Analyst: Chance of BTC falling below $95K is virtually zero

An analysis suggests that Bitcoin (BTC) has little chance of falling below $95,000 and is more likely to rise toward $150,000. On-chain analyst James Check noted that with over 60% of investors having purchased BTC above $95,000, a strong support level has effectively been formed. He added that this could even raise the price floor to $110,000, as Bitcoin investors are extremely reluctant to sell at a loss. Check also highlighted that BTC's market capitalization surpassed $1 trillion last year and $2 trillion this year. Based on this trend, he projects the price could reach $150,000, pushing its market cap to $3 trillion.