Crypto expert Gert van Lagen’s analysis of Long-Term Holder measures indicates that Bitcoin’s price trajectory has the potential for a major upward surge. According to Van Lagen, historical trends indicate that given current holder behavior and market conditions, Bitcoin may hit $200k.
He refers to this period as the “Euphoria Zone,” and the Long-Term Holder Net Unrealized Profit/Loss (LTH-NUPL) indicator has crossed the $100,000 threshold.
Van Lagen shared this analysis through X, where he examined the correlation between holder behavior and price movements. The data shows long-term Bitcoin holders maintaining strong positions despite market fluctuations.
Historical data demonstrates that previous entries into the Euphoria Zone led to price increases of 200% or more. Even with conservative estimates of 100% gains from current levels, the analysis suggests a minimum target of $200,000 for Bitcoin’s next movement.
What you'll learn 👉
Technical Indicators Support Bullish Outlook
The LTH-NUPL chart reveals distinct market cycles over the past decade, with notable peaks in 2013, 2017, and 2021. These cycles align with Bitcoin’s halving events, creating recognizable patterns in holder behavior.
The metric’s movement through different zones – from red (deep losses) to blue (extreme profits) – has consistently preceded major price actions. Current market data reveals similar patterns to previous bull runs.
The transition of long-term holder metrics into the Euphoria Zone mirrors conditions that preceded substantial price appreciation in past cycles. These technical indicators provide context for van Lagen’s price projection.
Read also: How High Can Shiba Inu Go By The End of 2024? SHIB Price Prediction
Market Structure Shows Strength
Long-term holder behavior indicates strong market fundamentals, with accumulation patterns resembling previous bull market foundations. The data shows sustained holding periods despite price volatility, suggesting confidence among veteran market participants.
Market structure analysis reveals strong support levels established by long-term holders, creating a base for potential upward movement.
The current market structure combines multiple supportive factors: steady accumulation by long-term holders, reduced selling pressure, and historical pattern alignment. These elements contribute to the technical case for Bitcoin’s potential movement toward higher price levels.
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