Bitcoin remains strong, trading just above $84,500 with the potential for further gains. Recent job numbers in the US and anticipation of interest rate cuts have prompted investors to shift from traditional stocks to Bitcoin. Despite some struggles in big tech, Bitcoin’s price has remained relatively stable. If Bitcoin breaks through the $84,900 resistance level, a move towards $87,000 seems likely. As long as buyers maintain control, the market is predicted to trend upwards. Crypto analyst Benjamin Cowen remains bullish, predicting the largest Bitcoin rally in this cycle could hit $200,000 under favorable conditions. However, he anticipates the peak will occur later in the cycle, with potential targets ranging from $120,000 to $150,000. A critical support level for Bitcoin is around $72,000, which Cowen emphasizes is crucial for a bullish trend. Although Bitcoin has not yet tested this level, strong buying pressure is expected if it does. 84,483, with little movement in the last 24 hours. Cowen remains cautiously optimistic and notes that a pullback could test market strength. If Bitcoin continues to hold above key levels, we could see a more positive market phase later this year. While Cowen envisions Bitcoin reaching six figures, the market’s momentum will be essential for the bullish scenario to become reality. The current uncertainty leaves room for both cautious optimism and risk-averse investors.