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With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship crypto’s journey to new all-time highs (ATHs). The analyst predicted BTC could rally to as high 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 next six months, during 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 stated that the target is $108,000, and predicts that BTC will reach this price level in the next two weeks. Related Reading Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap 4 hours ago
He further explained that this Bitcoin price levelis 36 days from the first quarter point in his mathematical calculation. The analyst also highlighted the green rectangle near the Power Law Trend in his accompanying chart, which shows the maximum deviation from the PLT.
For the second stage, ‘Maximum Absolute Wave Height’ (MAWH), Leo Hart stated that Bitcoin’s target at this stage is $145,500, and the timeline is two months. This means that BTC can reach this target by July, which would mark a new ATHfor the flagship crypto. The analyst noted that this price target is the peak, represented by the horizontal tangent to the upper boundary in the chart. Source: Leo Hart on X
The third stage is the Red Zone Entry Point (RZEP), and the target is $188,000. Bitcoin is expected to reach this price level in the next four months. However, the analyst didn’t explain why BTC can hit this price level.
Meanwhile, he also mentioned a fourth stage called ‘Zero Gravity and Re-entry.’ He explained that beyond stage 3, market participants will enter a zero-gravity phase with unknown parameters, followed by the descent from orbit, hinting at a potential price crash. BTC’s Journey To A New ATH Has Begun
Crypto analyst Rekt Capitalindicated that Bitcoin’s journey to a new all-time high has begun. In an X post, he noted that BTC has rejected from the $104,500 level, which was part of his initial theory on how the flagship crypto could reach a new ATH. Related Reading Bitcoin Price Flashes Signal That Has Led To A Surge Every Time 2 days ago
Following this rejection, the analyst predicts that the next step is for Bitcoin to hold the $97,000 to $99,000 range as support. Once that happens, he expects the flagship crypto to break out to new ATHs. His accompanying chart suggested that BTC could rally to $110,000 in the short term. Crypto analyst Titan of Cryptoalso confirmed that the $135,000 target is still in play for 2025.
At the time of writing, the Bitcoin price is trading at around $103,400, up in the last 24 hours, according to datafrom CoinMarketCap. BTC trading at $103,580 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com