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With Bitcoin back above $100,000, crypto analyst Leo Hart has launched a 6-month roadmap on the flagship crypto’s journey to new all-time highs (ATHs). The analyst predicted BTC may rally to as excessive as $188,000 by the sixth month.
The Roadmap For Bitcoin’s ‘Flight Plan’ To $188,000
In an X post, Leo Hart outlined Bitcoin’s “flight to the moon” plan for the subsequent six months, throughout which he expects the flagship crypto to rally to $188,000. For stage one, which he dubbed the ‘Maximum Power Law Trend Departure,’ the analyst acknowledged that the target is $108,000, and predicts that BTC will attain this value degree within the subsequent two weeks.
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He additional defined that this Bitcoin price level is 36 days from the primary quarter level in his mathematical calculation. The analyst additionally highlighted the inexperienced rectangle close to the Power Law Trend in his accompanying chart, which reveals the utmost deviation from the PLT.
For the second stage, ‘Maximum Absolute Wave Height’ (MAWH), Leo Hart acknowledged that Bitcoin’s goal at this stage is $145,500, and the timeline is 2 months. This signifies that BTC can attain this goal by July, which might mark a new ATH for the flagship crypto. The analyst famous that this value goal is the height, represented by the horizontal tangent to the higher boundary within the chart.
The third stage is the Red Zone Entry Point (RZEP), and the goal is $188,000. Bitcoin is predicted to achieve this value degree within the subsequent 4 months. However, the analyst didn’t clarify why BTC can hit this value degree.
Meanwhile, he additionally talked about a fourth stage known as ‘Zero Gravity and Re-entry.’ He defined that past stage 3, market contributors will enter a zero-gravity section with unknown parameters, adopted by the descent from orbit, hinting at a possible value crash.
BTC’s Journey To A New ATH Has Begun
Crypto analyst Rekt Capital indicated that Bitcoin’s journey to a brand new all-time excessive has begun. In an X put up, he famous that BTC has rejected from the $104,500 degree, which was a part of his preliminary principle on how the flagship crypto may attain a brand new ATH.
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Following this rejection, the analyst predicts that the subsequent step is for Bitcoin to carry the $97,000 to $99,000 vary as assist. Once that occurs, he expects the flagship crypto to interrupt out to new ATHs. His accompanying chart instructed that BTC may rally to $110,000 within the brief time period. Crypto analyst Titan of Crypto additionally confirmed that the $135,000 goal continues to be in play for 2025.
At the time of writing, the Bitcoin value is buying and selling at round $103,400, up within the final 24 hours, based on data from CoinMarketCap.
Featured picture from Unsplash, chart from Tradingview.com
