Trader Gert van Lagen has started conversations among traders with his analysis, suggesting that Bitcoin (BTC) hitting $200,000 is not only possible but could be on the horizon sooner than most. anticipate.
Trader Gert van Lagen has started conversations among traders with his analysis, suggesting that Bitcoin (BTC) hitting $200,000 is not only possible but could be on the horizon sooner than most. anticipate.
As we analyze the Bitcoin chart provided, the past patterns of Bitcoin’s performance after the all-time high (ATH) indicate a surprising trend: the price has a history of doubling in periods ranging from as little as 10 days to as long as 84 . days.
The current Bitcoin market trajectory on the chart shows a strong bullish pattern, with the cryptocurrency emerging from a consolidation phase known as the “struggle” period. This phase, characterized by an increasingly tight range of highs and lows that form a converging pattern, usually precedes a significant breakout.
Bitcoin’s recent printing of an ATH is a critical development. Historically, these milestones have been followed by aggressive bull runs, as indicated by van Lagen’s analysis. The chart highlights a structured market recovery after the “fight” phase, which has led to new highs.
It is this pattern that reinforces the trader’s hypothesis that a move towards the $200,000 mark ahead of the next Bitcoin halving (an event that historically impacts supply and demand dynamics) is becoming increasingly ever more plausible.
Examining the details of Bitcoin’s current chart, the $41,000 support level remains firm, having been tested and held several times, signifying a solid foundation for the cryptocurrency’s valuation. In terms of resistance, Bitcoin is challenging the upper limits, with the psychological barrier of $100,000 being the next notable milestone. Breaking above this level could potentially trigger a parabolic move, supported by historical price action following ATH breakouts.
Under the current circumstances, if Bitcoin continues to follow the historical post-ATH doubling pattern, the argument for a price of $200,000 becomes compelling. This scenario depends on several factors, including sustained institutional adoption and favorable regulatory developments.
