Analyst: Bitcoin's "surrender zone" at this stage is $65,000

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James Check, an analyst at Odaily, said that $65,000 is the cost base for ordinary investors, and the real capitulation zone for Bitcoin at this stage is $65,000, noting that Bitcoin's market capitalization of $1 trillion (at a price of about $50,000) should be a strong area of support. While Check expects Bitcoin to fall sharply from the $65,000 area, he expects strong support in the $49,000 to $50,000 range, which represents the launch of the ETF in 2024, as well as Bitcoin's $1 trillion market cap. Unless there is a global recession, Bitcoin is unlikely to fall to a low of $40,000, he said. (CoinDesk)

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