Bitcoin’s been hanging around $105,000 lately, pretty stable despite some market jitters and new Bitcoin ETF investments. But one analyst thinks this calm before the storm.
A Look at the AVIV Ratio
Crypto analyst Gert van Lagen believes Bitcoin is poised for a massive price jump, similar to past bull runs. He’s using something called the AVIV Ratio (from Glassnode) to back this up. This ratio tracks market deviations and historically, it’s shown a specific pattern right before major Bitcoin rallies.
Past Performance as a Predictor
Van Lagen points to previous instances:
- 2013: AVIV signaled a big rally when Bitcoin was around $200, before it shot up past $1,200.
- 2017: Similar pattern around $3,700, preceding the peak near $20,000.
- 2021: The same thing happened at $13,000 before the price hit $69,000.
He says the current AVIV Ratio looks just like those pre-rally periods. It hasn’t hit the “cycle top” trigger yet, suggesting we’re still early in a potential bull market.
The $300,000 Prediction
Van Lagen isn’t saying Bitcoin will immediately skyrocket, but his analysis suggests a parabolic surge is possible. If history repeats itself, a 3x increase from the current price is entirely plausible, putting Bitcoin’s potential price around $300,000.
Currently, Bitcoin is trading slightly below $105,000, down a bit from its recent high. But this analyst’s prediction is certainly something to keep an eye on.
