Analyst: Bitcoin’s current “surrender zone” is $65,000

Odaily News Analyst James Check said that $65,000 is the cost basis for ordinary investors and the real capitulation zone for Bitcoin at this stage is $65,000. He pointed out that Bitcoin's market value of $1 trillion (price of about $50,000) should be a strong support area.
While Check expects Bitcoin to fall sharply from the $65,000 region, he expects strong support in the $49,000 to $50,000 range, prices that represent the launch of an ETF in 2024 and a $1 trillion market cap for Bitcoin. Barring a global recession, he said, Bitcoin is unlikely to fall to the low $40,000s. (CoinDesk)