Analyst Predicts Bitcoin Could Rise to $300,000 Based on AVIV Levels

Analyst Gert van Lagen forecasts Bitcoin’s price may triple, reaching $300,000 based on historical patterns and the AVIV Ratio indicators. Current Bitcoin prices linger around $105,000 with market instability, yet the AVIV Ratio suggests a pre-bull market phase similar to past significant upsurges. While declining slightly, analysts believe a major price rally may be on the horizon if trends hold firm.

Bitcoin has recently managed to hover just above the $100,000 mark, with its price stabilising around $105,000. This occurs in the wake of recent tensions in the market, but notably, despite inflows into Spot Bitcoin ETFs. Analyst Gert van Lagen suggests this price stability could lead to significant upward movement like we’ve observed in prior bullish cycles. His analysis draws from historical data and the AVIV Ratio chart provided by Glassnode, indicating that we might be poised for something bigger.

The AVIV Ratio, a critical tool in market analysis, displays a familiar pattern preceding market peaks. Bitcoin’s volatility has mellowed out since its all-time high of over $111,800 in May, and signs indicate we may be gearing up for another surge. Van Lagen highlighted this on social media platform X, referencing the AVIV Ratio. This specific metric tracks deviations in Bitcoin’s trading behaviour, often flagging major price movements when crossing a significant threshold, indicated by a red line.

Interestingly, historical context shows the AVIV Ratio successfully signalled previous bull runs. For example, it warned of a surge when Bitcoin was priced at $200 in 2013 before it exploded past $1,200. Similarly, it functioned as a warning sign during the 2017 rally from $3,700 to nearly $20,000. Even the 2021 run from $13,000 to an all-time high of $69,000 matched this pattern. Now, the current AVIV reading is closely aligned with those momentum indicators, suggesting we might be at the start of a significant bull market expansion.

In terms of targets, van Lagen suggests that if the AVIV behaviour holds true, a threefold increase from today’s price could send Bitcoin soaring to around $300,000. However, it bears mention that he stops short of suggesting an immediate price peak. Presently, Bitcoin is trading at approximately $104,997, reflecting a slight drop of 1.4% over the last 24 hours, marking its price swing back from an intraday high of $106,795 to a standard consolidation range around $105,000. There’s still uncertainty as to when that next jump will happen, but the indicators hint that it may be forthcoming.