{"id":22388,"date":"2025-04-16T14:48:08","date_gmt":"2025-04-16T14:48:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22388"},"modified":"2025-04-16T14:48:08","modified_gmt":"2025-04-16T14:48:08","slug":"bitcoins-true-capitulation-zone-is-65k-says-well-followed-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22388","title":{"rendered":"Bitcoin’s True Capitulation Zone is $65K, Says Well-Followed Analyst"},"content":{"rendered":"
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Where’s the bottom for bitcoin (BTC)?<\/p>\n

While acknowledging it’s possible that level has already been hit, on-chain analyst James Check suggested a true bottom may not be in place until after bitcoin suffers a true capitulation event.<\/p>\n

That would likely require a decline to the $65,000 area, said Check, calling it the “true market mean,” i.e., the average cost basis for active investors.<\/p>\n

At that point according to Check, who spoke on the TFTC podcast<\/a>, the average investor may begin to feel the pressure of unrealized losses. Even long-term holders, including those who have held bitcoin for five years, could find themselves underwater. Interestingly, this price level aligns closely with Michael Saylor\u2019s Strategy, which has a similar cost basis of around $67,500.<\/p>\n

Where does capitulation take the market?<\/h5>\n

While Check expects sizable declines from the $65,000 area, he sees strong support in the $49,000-$50,000 range, those prices representing the launch of the ETFs in 2024 as well as a $1 trillion market cap for bitcoin. A drop to as low as $40,000 seems unlikely, he said, barring a global recession.<\/p>\n

Check also took note of the extended period of “chopsolidation” in 2024 \u2014 where bitcoin traded for months in a wide range between $50K and $70K \u2014 as establishing a strong foundation of support.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Where’s the bottom for bitcoin (BTC)? While acknowledging it’s possible that level has already been hit, on-chain analyst James Check suggested a true bottom may not be in place until after bitcoin suffers a true capitulation event. That would likely require a decline to the $65,000 area, said Check, calling it the “true market mean,” […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22388","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22388"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22388\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}