Bitcoin, This cycle's possibility of 200,000 dollars…Defending 72,000 dollars is the key

A prediction has emerged that Bitcoin could rise from $150,000 to a maximum of $200,000 in the current upward cycle. Benjamin Cowen, founder of cryptocurrency market analysis firm Intothecryptoverse, analyzed this by stating, “This cycle is likely to peak later rather than early in the period.”

He stated, “If market conditions are favorable, the range of $120,000 to $150,000 can be reached smoothly, and in a very positive scenario, a breakthrough of $200,000 can be expected.” However, he emphasized that if adjustments occur, whether the key support line functions properly could act as a variable.

In particular, Cowen pointed out that Bitcoin must definitely maintain its previous high of $72,000 recorded in 2024. He said, “This range has not yet been clearly retested, and if adjustments occur, there will certainly be forces showing a willingness to defend.”

This analysis delivers a warning that technical support line defense has become important while maintaining the expectation that Bitcoin can continue a bullish market in the mid to long term.