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Bitcoin Could Rip by 137% in a ‘Perfect Scenario,’ According to Analyst Benjamin Cowen – Here’s His Outlook

by Daily Hodl Staff
April 19, 2025
in Bitcoin

Popular crypto analyst and trader Benjamin Cowen says that one astronomical price target remains in play for Bitcoin (BTC) this cycle.

In a new interview with Kyle Chasse on his YouTube channel, Cowen says that Bitcoin may surge to as high as $200,000 if the flagship crypto asset is currently in a right-translated cycle – or a market cycle where prices tend to peak later rather than earlier.

“I would say that it’s possible if we get a right translated cycle that from the bottom Bitcoin could go up about 10x or something, which would probably put it around $150,000. So I would say, in a right translated cycle my guess is that it would be anywhere from like $120,000 to like $150,000. It’s possible in the perfect scenario that it could go all the way up to $200,000. I don’t think Bitcoin will hit $300,000 this cycle. I do think Bitcoin will eventually hit $300,000, but I don’t think it will be this cycle.”

He says that Bitcoin needs to hold the 2024 high of about $72,000 on the weekly chart to remain on track to hit fresh all-time highs this cycle.

“Anything is possible. And I would certainly be more optimistic if we can definitively hold that 2024 high [around $72,000 on the weekly chart] and start to move back up. I would definitely become more optimistic later on this year. That’s my main concern right now, is, if there is another pullback, can we hold it? The good news is we’ve held it so far, and we actually technically we haven’t even tested it. So the good news is if there is another drop, you probably would have some bulls try to hold the line at those levels because we haven’t even tested those levels yet.”

Bitcoin is trading for $84,483 at time of writing, flat on the day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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