Analyst: Bitcoin’s current “surrender zone” is $65,000
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Planet Daily News: Analyst James Check states that $65,000 is the cost basis for ordinary investors, and the current capitulation zone for Bitcoin is $65,000. He points out that Bitcoin's market capitalization reaching $1 trillion (with a price around $50,000) should be a strong support area. Although Check anticipates a significant drop from the $65,000 region, he expects strong support in the $49,000 to $50,000 range, which represents the 2024 ETF launch and Bitcoin's $1 trillion market cap. He suggests that Bitcoin is unlikely to fall to the $40,000 low unless a global economic recession occurs. (CoinDesk)
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