Cryptocurrency analyst Benjamin Cowen has proposed that Bitcoin BTC/USD could potentially see a 137% increase in a perfect market scenario.
What Happened: Cowen, during his discussion with Kyle Chasse, put forth that Bitcoin could reach up to $200,000 if it is currently in a right-translated cycle. This type of market cycle is characterized by prices peaking later rather than sooner.
During the interview, Cowen inferred that in such a cycle, Bitcoin could experience a 10x increase from its lowest point, positioning it around $150,000. However, he does not anticipate Bitcoin reaching $300,000 in this cycle, even though he is confident it will eventually hit that mark.
The analyst stressed that for Bitcoin to stay on course for…
