Categories: Bitcoin Latest News

Analyst Says Bitcoin Price Could Rise 3x To $300,000 As AVIV Levels Resemble Previous Bull Cycles

Bitcoin has continued to hover above the $100,000 mark over the past few days, and its price action has stabilized around $105,000 in the wake of recent market tensions and despite inflows into Spot Bitcoin ETFs. 

A new analysis shared by crypto market commentator Gert van Lagen suggests that this current phase is going to precede an explosive move similar to those seen in previous market cycles. Backing his prediction with historical data and Glassnode’s AVIV Ratio chart, the analyst noted that the current on-chain structure echoes moments before Bitcoin’s major rallies in past bull markets.

AVIV Ratio Flashes Familiar Pattern Before Market Top

Bitcoin’s price volatility has slightly cooled since the initial surge to a new all-time high above $111,800 in May, and the latest candlestick structure suggests it may be preparing for another leg higher. 

Taking to the social media platform X, Gert van Lagen revealed a Bitcoin price prediction that centers around the true market Deviation metric known as the AVIV Ratio. This orange-colored line on the chart tracks a specific deviation in Bitcoin’s market behavior and has always crossed a red line denoting +3 standard deviations at or just before cycle tops.

The current AVIV behavior can be compared to previous price points before market tops in previous cycles. For instance, in 2013, the AVIV Ratio flagged a major rally when Bitcoin was trading near $200, shortly before the price pushed past $1,200. In 2017, the metric behaved similarly when Bitcoin was trading at $3,700 and later peaked near $20,000. The current AVIV Ratio can also be compared to when Bitcoin was priced at $13,000 in the 2021 bull market run, before its surge to an all-time high of  $69,000.

According to the analyst, today’s AVIV ratio level is closely aligned with those previous mid-cycle breakouts. The current ratio has not yet crossed the red +3σ line, which the analyst refers to as the cycle top trigger. As such, its current reading suggests Bitcoin may be in the early phase of a major bull market expansion. If history repeats itself, a 3x move from today’s levels would be a standard price move in line with previous price action.

$300,000 Target Within Sight If AVIV Behavior Holds

Crypto analyst van Lagen stops short of calling for an immediate top, but his analysis implies that Bitcoin could be preparing for a new parabolic surge to the upside. Using the AVIV model as a reference, a conservative 3x multiplier on the current Bitcoin price places a possible target around $300,000. 

At the time of writing, Bitcoin is trading at $104,997, having decreased by 1.4% in the past 24 hours. This decline has brought its price down from an intraday high of $106,795 back into its consolidation range around $105,000.

[#item_full_content]NewsBTCRead More
AddThis Website Tools

Recent Posts

The Final Bitcoin Act: Here’s What To Expect As BTC Trends Sideways

Bitcoin has already shown a lot of strength in recent times, pushing as high as…

2 hours ago

Bitcoin Won’t Save You—Peter Schiff Says Gold Will Win As Trump Wrecks The Dollar

Gold proponent Peter Schiff hit out at US President Donald Trump’s support for cryptocurrency, calling…

14 hours ago

Warning Signs Flash As Bitcoin Miners Unload At Record Pace

Bitcoin’s run above $120,000 has drawn fresh selling from the very people who dug it…

17 hours ago

Bitcoin Re-Enters Profit Zone As Greed Rises, But Rally To $200,000 Still Possible

Bitcoin reached a new all-time high of $122,838 on July 14, but has since slipped…

18 hours ago

Litecoin Sharp Pullback: Scalping Opportunities Emerge While LTCBTC Seeks Stability

In a recent post on X, CRYPTOWZRD pointed out that Litecoin ended the day on…

1 day ago

Bitcoin Whale Exchange Transfers Spike As Capital Rotation Begins — Latest Altseason Signal?

Over the past week, the Bitcoin (BTC) market recorded a new all-time high at $123,091…

1 day ago