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Bitcoin Bitcoin (BTC) $118,934.01 ↑ 0.24%
Ethereum Ethereum (ETH) $3,867.11 ↑ 0.58%
XRP XRP (XRP) $3.17 ↓ -0.57%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.01%
BNB BNB (BNB) $822.70 ↓ -2.74%
Solana Solana (SOL) $184.72 ↓ -2.95%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -2.79%
TRON TRON (TRX) $0.34 ↑ 4.94%
Cardano Cardano (ADA) $0.80 ↓ -2.14%
Hyperliquid Hyperliquid (HYPE) $44.92 ↑ 0.61%
Sui Sui (SUI) $3.91 ↓ -6.31%
Stellar Stellar (XLM) $0.43 ↓ -0.61%
Chainlink Chainlink (LINK) $18.32 ↓ -2.42%
Hedera Hedera (HBAR) $0.27 ↓ -2.02%
Bitcoin Cash Bitcoin Cash (BCH) $574.11 ↓ -1.74%
Avalanche Avalanche (AVAX) $25.15 ↓ -6.73%
Litecoin Litecoin (LTC) $110.17 ↓ -1.60%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.01%
Toncoin Toncoin (TON) $3.28 ↓ -2.16%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.66%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.02%
Uniswap Uniswap (UNI) $10.49 ↓ -2.21%
Polkadot Polkadot (DOT) $4.04 ↓ -3.04%
Monero Monero (XMR) $320.69 ↓ -2.03%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.59 ↓ -1.47%
Pepe Pepe (PEPE) $0.00 ↓ -6.11%
Cronos Cronos (CRO) $0.15 ↑ 2.08%
Aave Aave (AAVE) $290.86 ↓ -2.64%
Ethena Ethena (ENA) $0.61 ↓ -8.70%
Bittensor Bittensor (TAO) $401.02 ↓ -5.11%
NEAR Protocol NEAR Protocol (NEAR) $2.80 ↓ -3.46%
Ethereum Classic Ethereum Classic (ETC) $22.38 ↓ -0.74%
Pi Pi (PI) $0.44 ↓ -1.63%
Ondo Ondo (ONDO) $0.99 ↓ -3.99%
Internet Computer Internet Computer (ICP) $5.63 ↓ -2.67%
OKB OKB (OKB) $48.51 ↓ -1.05%
Aptos Aptos (APT) $4.74 ↓ -2.20%
Mantle Mantle (MNT) $0.77 ↓ -4.71%
Kaspa Kaspa (KAS) $0.10 ↓ -3.34%
Bonk Bonk (BONK) $0.00 ↓ -10.56%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -6.67%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.20%
Algorand Algorand (ALGO) $0.27 ↓ -2.50%
Arbitrum Arbitrum (ARB) $0.44 ↓ -3.95%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.24%
VeChain VeChain (VET) $0.03 ↓ -0.59%
GateToken GateToken (GT) $17.82 ↓ -1.89%
Render Render (RENDER) $4.09 ↓ -4.45%
SPX6900 SPX6900 (SPX) $2.19 ↓ -2.35%
Worldcoin Worldcoin (WLD) $1.12 ↓ -5.93%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.68 ↓ -4.61%
Sei Sei (SEI) $0.33 ↓ -2.29%
Sky Sky (SKY) $0.09 ↓ -7.04%
Cosmos Cosmos (ATOM) $4.72 ↓ -3.92%
Filecoin Filecoin (FIL) $2.65 ↓ -2.94%
Flare Flare (FLR) $0.03 ↑ 3.50%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.72 ↓ -2.91%
Jupiter Jupiter (JUP) $0.56 ↓ -6.12%
Story Story (IP) $5.67 ↑ 0.17%
XDC Network XDC Network (XDC) $0.09 ↑ 2.55%
Quant Quant (QNT) $124.73 ↓ -1.28%
Injective Injective (INJ) $14.87 ↓ -5.39%
Celestia Celestia (TIA) $2.03 ↑ 0.81%
KuCoin Token KuCoin Token (KCS) $11.55 ↑ 0.10%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
Conflux Conflux (CFX) $0.27 ↑ 44.76%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↑ 2.24%
Optimism Optimism (OP) $0.77 ↓ -4.83%
Four Four (FORM) $3.35 ↓ -3.69%
Stacks Stacks (STX) $0.80 ↓ -3.83%
FLOKI FLOKI (FLOKI) $0.00 ↓ -5.52%
Fartcoin Fartcoin (FARTCOIN) $1.15 ↓ -16.46%
Immutable Immutable (IMX) $0.59 ↓ -0.89%
Ethereum Name Service Ethereum Name Service (ENS) $29.21 ↓ -1.67%
dogwifhat dogwifhat (WIF) $1.05 ↓ -6.38%
The Graph The Graph (GRT) $0.11 ↓ -3.20%
PancakeSwap PancakeSwap (CAKE) $2.99 ↓ -3.03%
Kaia Kaia (KAIA) $0.16 ↓ -3.47%
Lido DAO Lido DAO (LDO) $1.09 ↓ -4.77%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.47 ↓ -5.16%
PAX Gold PAX Gold (PAXG) $3,329.69 ↓ -0.13%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -4.09%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
Tezos Tezos (XTZ) $0.87 ↓ -1.87%
Sonic Sonic (S) $0.32 ↓ -5.16%
Theta Network Theta Network (THETA) $0.88 ↓ -4.12%
Vaulta Vaulta (A) $0.55 ↓ -3.72%
Nexo Nexo (NEXO) $1.31 ↓ -0.68%
Raydium Raydium (RAY) $3.16 ↓ -3.84%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -1.13%
Tether Gold Tether Gold (XAUt) $3,324.05 ↓ -0.26%
IOTA IOTA (IOTA) $0.21 ↓ -2.82%
Gala Gala (GALA) $0.02 ↓ -3.91%
The Sandbox The Sandbox (SAND) $0.30 ↓ -2.85%
Pyth Network Pyth Network (PYTH) $0.13 ↓ -3.60%
Pendle Pendle (PENDLE) $4.46 ↓ -2.35%
Aerodrome Finance Aerodrome Finance (AERO) $0.84 ↓ -4.75%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 2.18%
Bitcoin Bitcoin (BTC) $118,934.01 ↑ 0.24%
Ethereum Ethereum (ETH) $3,867.11 ↑ 0.58%
XRP XRP (XRP) $3.17 ↓ -0.57%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.01%
BNB BNB (BNB) $822.70 ↓ -2.74%
Solana Solana (SOL) $184.72 ↓ -2.95%
USDC USDC (USDC) $1.00 ↑ 0.00%
Dogecoin Dogecoin (DOGE) $0.23 ↓ -2.79%
TRON TRON (TRX) $0.34 ↑ 4.94%
Cardano Cardano (ADA) $0.80 ↓ -2.14%
Hyperliquid Hyperliquid (HYPE) $44.92 ↑ 0.61%
Sui Sui (SUI) $3.91 ↓ -6.31%
Stellar Stellar (XLM) $0.43 ↓ -0.61%
Chainlink Chainlink (LINK) $18.32 ↓ -2.42%
Hedera Hedera (HBAR) $0.27 ↓ -2.02%
Bitcoin Cash Bitcoin Cash (BCH) $574.11 ↓ -1.74%
Avalanche Avalanche (AVAX) $25.15 ↓ -6.73%
Litecoin Litecoin (LTC) $110.17 ↓ -1.60%
UNUS SED LEO UNUS SED LEO (LEO) $8.97 ↓ -0.01%
Toncoin Toncoin (TON) $3.28 ↓ -2.16%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -3.66%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.02%
Uniswap Uniswap (UNI) $10.49 ↓ -2.21%
Polkadot Polkadot (DOT) $4.04 ↓ -3.04%
Monero Monero (XMR) $320.69 ↓ -2.03%
Dai Dai (DAI) $1.00 ↑ 0.02%
Bitget Token Bitget Token (BGB) $4.59 ↓ -1.47%
Pepe Pepe (PEPE) $0.00 ↓ -6.11%
Cronos Cronos (CRO) $0.15 ↑ 2.08%
Aave Aave (AAVE) $290.86 ↓ -2.64%
Ethena Ethena (ENA) $0.61 ↓ -8.70%
Bittensor Bittensor (TAO) $401.02 ↓ -5.11%
NEAR Protocol NEAR Protocol (NEAR) $2.80 ↓ -3.46%
Ethereum Classic Ethereum Classic (ETC) $22.38 ↓ -0.74%
Pi Pi (PI) $0.44 ↓ -1.63%
Ondo Ondo (ONDO) $0.99 ↓ -3.99%
Internet Computer Internet Computer (ICP) $5.63 ↓ -2.67%
OKB OKB (OKB) $48.51 ↓ -1.05%
Aptos Aptos (APT) $4.74 ↓ -2.20%
Mantle Mantle (MNT) $0.77 ↓ -4.71%
Kaspa Kaspa (KAS) $0.10 ↓ -3.34%
Bonk Bonk (BONK) $0.00 ↓ -10.56%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -6.67%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↓ -2.20%
Algorand Algorand (ALGO) $0.27 ↓ -2.50%
Arbitrum Arbitrum (ARB) $0.44 ↓ -3.95%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ -0.24%
VeChain VeChain (VET) $0.03 ↓ -0.59%
GateToken GateToken (GT) $17.82 ↓ -1.89%
Render Render (RENDER) $4.09 ↓ -4.45%
SPX6900 SPX6900 (SPX) $2.19 ↓ -2.35%
Worldcoin Worldcoin (WLD) $1.12 ↓ -5.93%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $9.68 ↓ -4.61%
Sei Sei (SEI) $0.33 ↓ -2.29%
Sky Sky (SKY) $0.09 ↓ -7.04%
Cosmos Cosmos (ATOM) $4.72 ↓ -3.92%
Filecoin Filecoin (FIL) $2.65 ↓ -2.94%
Flare Flare (FLR) $0.03 ↑ 3.50%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.72 ↓ -2.91%
Jupiter Jupiter (JUP) $0.56 ↓ -6.12%
Story Story (IP) $5.67 ↑ 0.17%
XDC Network XDC Network (XDC) $0.09 ↑ 2.55%
Quant Quant (QNT) $124.73 ↓ -1.28%
Injective Injective (INJ) $14.87 ↓ -5.39%
Celestia Celestia (TIA) $2.03 ↑ 0.81%
KuCoin Token KuCoin Token (KCS) $11.55 ↑ 0.10%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
Conflux Conflux (CFX) $0.27 ↑ 44.76%
Curve DAO Token Curve DAO Token (CRV) $1.01 ↑ 2.24%
Optimism Optimism (OP) $0.77 ↓ -4.83%
Four Four (FORM) $3.35 ↓ -3.69%
Stacks Stacks (STX) $0.80 ↓ -3.83%
FLOKI FLOKI (FLOKI) $0.00 ↓ -5.52%
Fartcoin Fartcoin (FARTCOIN) $1.15 ↓ -16.46%
Immutable Immutable (IMX) $0.59 ↓ -0.89%
Ethereum Name Service Ethereum Name Service (ENS) $29.21 ↓ -1.67%
dogwifhat dogwifhat (WIF) $1.05 ↓ -6.38%
The Graph The Graph (GRT) $0.11 ↓ -3.20%
PancakeSwap PancakeSwap (CAKE) $2.99 ↓ -3.03%
Kaia Kaia (KAIA) $0.16 ↓ -3.47%
Lido DAO Lido DAO (LDO) $1.09 ↓ -4.77%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.47 ↓ -5.16%
PAX Gold PAX Gold (PAXG) $3,329.69 ↓ -0.13%
Pump.fun Pump.fun (PUMP) $0.00 ↓ -4.09%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
Tezos Tezos (XTZ) $0.87 ↓ -1.87%
Sonic Sonic (S) $0.32 ↓ -5.16%
Theta Network Theta Network (THETA) $0.88 ↓ -4.12%
Vaulta Vaulta (A) $0.55 ↓ -3.72%
Nexo Nexo (NEXO) $1.31 ↓ -0.68%
Raydium Raydium (RAY) $3.16 ↓ -3.84%
JasmyCoin JasmyCoin (JASMY) $0.02 ↓ -1.13%
Tether Gold Tether Gold (XAUt) $3,324.05 ↓ -0.26%
IOTA IOTA (IOTA) $0.21 ↓ -2.82%
Gala Gala (GALA) $0.02 ↓ -3.91%
The Sandbox The Sandbox (SAND) $0.30 ↓ -2.85%
Pyth Network Pyth Network (PYTH) $0.13 ↓ -3.60%
Pendle Pendle (PENDLE) $4.46 ↓ -2.35%
Aerodrome Finance Aerodrome Finance (AERO) $0.84 ↓ -4.75%
BitTorrent [New] BitTorrent [New] (BTT) $0.00 ↑ 2.18%
Home Cryptocurrency

Bitcoin Targets $200,000: Analyst Gert van Lagen Shares Bold Prediction

Claire Tremblay by Claire Tremblay
17 December 2024
in Cryptocurrency, News
Reading Time: 2 mins read
0
featuring Bitcoin prominently. The image should showcase a glowing Bitcoin logo rising toward a sym

Bitcoin (BTC) has surged by 6.44% in the last five days, signaling a strong upward trend that has analysts forecasting even greater highs. According to renowned technical analyst Gert van Lagen, Bitcoin has the potential to surpass $200,000 in the near future as economic uncertainty drives investors toward the digital asset.

Qubetics is 728x90 1 3

Table of Contents

Toggle
  • Bitcoin’s Recent Rally and Market Recovery
    • YOU MAY BE INTERESTED
    • FIS and Circle Team Up to Bring Stablecoins to Every U.S. Bank
    • 2024% ROI and Rising: Why Troller Cat Tops Best Cryptos to Join For Long Term While Notcoin and Snek Rise
  • Economic Uncertainty Boosts Bitcoin as a Safe Haven
  • Conclusion

Bitcoin’s Recent Rally and Market Recovery

Bitcoin first tested the critical $100,000 mark on December 5. However, a brief correction on December 9-10 saw BTC retrace to $96,548, marking a 4.48% decline. Despite this, the leading cryptocurrency demonstrated impressive resilience, rebounding to the $100,000 range by December 11 and recording over 10% gains since then.

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Van Lagen highlights that Bitcoin has moved beyond a key resistance zone, entering what analysts call a “reaccumulation phase.” This technical breakout signals the potential for a sustained rally. He also points out Bitcoin’s remarkable performance in Q1 2023, where it recorded a 68.7% gain, suggesting that BTC could surpass this growth in the current fourth quarter.

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Bitcoin Price Rally

Economic Uncertainty Boosts Bitcoin as a Safe Haven

Amid rising fears of a global economic slowdown, Bitcoin’s decentralized nature and finite supply are increasingly attracting investors as a safe haven asset. Van Lagen emphasizes that traditional market volatility is unlikely to negatively impact BTC. Instead, he expects investor demand for Bitcoin to grow further during periods of uncertainty.

Strong technical indicators and macroeconomic conditions are aligning to support Bitcoin’s upward momentum. Analysts believe that BTC’s march toward the $200,000 target is well within reach under the current market environment.

Conclusion

As Bitcoin continues to demonstrate its strength, both technically and fundamentally, the potential for a $200,000 price level becomes increasingly plausible. Investors are closely monitoring BTC’s performance, which could set new records in the coming months. Stay updated with Turkish NY Radio for the latest insights on Bitcoin and the global cryptocurrency market.

Tags: $200000 targetbitcoinbtcGert van Lagensafe haven
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Claire Tremblay

Claire Tremblay

Hello! I'm Claire, an associate news editor covering breaking news and writing articles about technology for different digital news channels. Currently, I live in Montpellier, France. I love teams. I love leading teams. I love motivating teams. Journalism, at its best, is a team pursuit. Over the years, I have had the privilege to be a key part of teams that have won Pulitzer Prizes, Peabody Awards and Emmy Awards. "Individually, we are one drop. Together, we are an ocean." – Ryunosuke Satoro Areas of journalism experience: News, Business, Blockchain, technology, Artificial intelligence (AI), Internet of things (IoT), Sports, Travel, Food & Wine, Outdoors.

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