Cryptocurrency analytics firm Alphractal has released its latest report titled “Unlocking Bitcoin’s Potential, Fibonacci Insights into Market Average Price,” which provides a comprehensive view of Bitcoin’s price dynamics and potential market targets.

Alphractal explains that the Real Market Average Price reflects the on-chain average price of Bitcoin, excluding mining-related coins. This metric provides a clearer and more accurate perspective on Bitcoin’s true market value, making it an important reference for both investors and analysts.

The report highlights that exceeding these extreme levels has historically triggered periods of market euphoria, which has been reflected in Bitcoin’s performance.

While Bitcoin has followed previous cycle patterns, Alphractal notes that many investors have missed out on significant profit opportunities. The analysis refers to the Black Swan event of 2020, when Bitcoin fell below the Real Market Average Price to a level equal to the Real Market Average Price divided by 1.854. If a similar event were to occur, analysts say Bitcoin’s price could potentially fall to $25,700.

On the other hand, if Bitcoin continues its rise to historic highs, Alphractal sees potential targets of $124,000 and $172,000.

*Not investment advice.