Analyst Predicts Bitcoin Price Could Reach $300,000 Based on AVIV Ratio
Bitcoin remains stable above $100,000, currently around $105,000, despite market tensions and increased inflows into Spot Bitcoin ETFs.
Analyst Gert van Lagen indicates that this phase may lead to a significant price increase, drawing parallels with historical data. Key points include:
- The AVIV Ratio chart suggests similarities to past major rallies.
- Price volatility has decreased since reaching an all-time high above $111,800 in May.
- The current AVIV behavior mirrors conditions before previous market peaks in 2013, 2017, and 2021.
Van Lagen proposes that if the current trend continues, a target of $300,000 is feasible based on a conservative 3x multiplier from current levels.
As of now, Bitcoin is trading at $104,997, down 1.4% in the last 24 hours, following a peak of $106,795.
