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Over the past few days, Bitcoin continued to float above USD 100,000, and his price has stabilized Wake of recent market tensions And despite allowing Bitcoin Bitcoin to ETF.
The fresh analysis divided by the cryptographic market commentator Gerta Van Lagen suggests that the current phase will precede an explosive movement similar to those that can be seen in previous market cycles. Supporting your forecasts with historical data and the Glassnode factor chart, the analyst noticed that the current structure on the chain resembles a few moments The main rallies of Bitcoin at the previous bull market.
Aviv’s attitude flashes a friend in front of the market peak
Bitcoin’s The price variability has slightly cooled Because the initial enhance in fresh all -time above $ 111,800 in May, and the latest candlestick structure suggests that it can prepare Another leg above.
Transition to the Social Media Platform X, Gert Van Lagen revealed the bitcoin price forecast This focuses around the real market deviation indicator known as the AVIV indicator. This orange line on the chart tracks a specific deviation in the behavior of the Bitcoin market and has always crossed the red line meaning +3 standard deviations at the level or just before bicycles.
Aviv’s current behavior can be compared to previous price points before the market peaks in previous cycles. For example, in 2013, the AVIV indicator meant a solemn rally when Bitcoin traded nearly USD 200, shortly before the price exceeded within USD 1200. In 2017, the record behaved similarly when Bitcoin traded 3,700 USD and later reached the peak of USD 20,000. The current AVIV indicator can also be compared to the moment Bitcoin has been priced at USD 13,000 in the Bull 2021 race, before an enhance to the highest level of USD 69,000.
According to the analyst, today’s level of AVIV is strictly compatible with previous pimples in the medium cycle. The current factor has not yet exceeded the red line +3σ, which the analyst calls as the upper trigger of the cycle. As such, its current reading suggests that Bitcoin may be at an early stage of the bull market extension. If the story repeats, 3 -time traffic from today’s levels would be a standard price movement in accordance with previous price actions.
Cell $ 300,000 in sight if AVIV behavior behaves
Cryptographic analyst, Van Lagen, stops calling for an immediate top, but his analysis suggests that Bitcoin can prepare fresh parabolic growth up. Using the AVIV model as a reference, a conservative 3x multiplier at the current price of Bitcoins sets a possible goal of approximately USD 300,000.
At the time of writing, Bitcoin trades for USD 104,997, and in the last 24 hours it dropped by 1.4%. This decrease reduced its price from the highest level of USD 106,795 back to the scope of consolidation About $ 105,000.
A distinguished picture from Pixabay, chart from tradingview.com
