Bitcoin’s 6-Month Strategy to Reach $188,000: Here’s the Blueprint

With Bitcoin now exceeding $100,000, crypto analyst Leo Hart has shared a six-month strategy for the leading cryptocurrency’s path to potential new all-time highs (ATHs). His projection suggests BTC could climb as high as $188,000 over this period. 

The Strategy for Bitcoin’s Ascent to $188,000

In a recent post, Leo Hart outlined his vision for Bitcoin’s trajectory over the next six months, predicting a rise to $188,000. The initial stage, termed ‘Maximum Power Law Trend Departure,’ has a target of $108,000, which he anticipates will be achieved within two weeks. 

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He elaborated that this price point for Bitcoin is 36 days from the first quarter mark in his analysis. The analyst also pointed to a highlighted green rectangle on his accompanying chart, illustrating the maximum deviation from the Power Law Trend.

For the second phase, named ‘Maximum Absolute Wave Height’ (MAWH), Hart established a target of $145,500, with a timeline extending over two months. This forecast means Bitcoin could achieve this level by July, potentially setting a new ATH for the cryptocurrency. The analyst clarified that this target indicates a peak, represented by a horizontal line on the chart.

The third phase is labeled as the Red Zone Entry Point (RZEP), with the target reaching $188,000. The expectation is for Bitcoin to attain this price in the next four months. However, the analyst refrained from detailing the rationale behind this projection.

Additionally, he introduced a fourth stage called ‘Zero Gravity and Re-entry.’ He detailed that post-stage three, market dynamics will enter a zero-gravity state characterized by unpredictability, eventually leading to a potential price decline.

Bitcoin’s Path Toward a New ATH Has Started

Analyst Rekt Capital remarked that Bitcoin has embarked on its journey toward a new all-time high. In a post on X, he observed that BTC had been turned back from the $104,500 level, which forms part of his initial theory regarding the cryptocurrency reaching a new ATH.

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After this setback, the analyst suggests that the following task for Bitcoin will be to maintain the $97,000 to $99,000 range as a supportive level. Once this is accomplished, he foresees the flagship cryptocurrency breaking into new ATHs. His accompanying analysis indicated that BTC could surge to $110,000 in the near term. Crypto analyst Titan of Crypto has also reiterated that the $135,000 target remains viable for 2025.

Currently, Bitcoin is trading at approximately $103,400, reflecting an increase in the past 24 hours, according to market data.

Image credit: Unsplash, chart from Tradingview.com