Bitcoin Price Prediction: Will $65,000 Mark Serve as a True Bottom?

Despite growing optimism about a market bottom, on-chain analyst James Check warns that Bitcoin may yet experience further declines. He predicts a possible drop to $65,000, believing this level represents the average cost basis for active investors in the crypto space. This anticipated price drop could trigger significant pressure on the market and result in unrealized losses for long-term holders who have been holding Bitcoin for years.