Bitcoin (BTC) Bullish Momentum Intensifies as It Breaches $100,00

Bitcoin's price breached the $103,800 level for the first time since January, intensifying the cryptocurrency's bullish momentum and sending shockwaves through crypto markets.

This development comes as on-chain analytics platform Santiment reported a significant spike in network activity, with 344,620 newly created wallets in just 24 hours.

The vast number of new Bitcoin wallets created in the past 24 hours is signaling broad investor enthusiasm.

This sudden surge, which marks renewed retail involvement as fear of missing out takes hold, positions the asset for further rally legs.

Strategic Targets Ahead In 6-Month ‘Bitcoin To The Moon’ Framework

One of the more ambitious forecasts was made by market researcher Leo Heart, who presented a structured six-month plan called "Bitcoin to the Moon."

Four clearly different stages in Bitcoin's rise were identified. The initial, known as Maximum Power Law Trend Departure (MPLTD), is focusing on a near-term goal of $108,000 in two weeks' time.

This represents a historical departure point from the power trend, calculated to be approximately 36 days past the Q1 benchmark. Afterward, the second phase, Maximum Absolute Wave Height, predicts Bitcoin hitting $145,500 in the two months ahead.

As per Heart, the mark represents the highest sustainable growth trajectory before the market becomes overbought. By the fourth month, he anticipates BTC to reach the "Red Zone Entry Point," or RZEP, with the target being $188,000.

Past this is what he calls the "Zero Gravity" phase, which is an area of price discovery with no certain boundaries but marked with high volatility and eventual correction.

Bitcoin Poised For Third Surge To $140K

Weighing in further in support of the positive projections, strategy expert Master Kenobi pointed out an interesting trend with BTC's past growth stages.

Both of the large pumps in 2024 lasted for 17 days and achieved the same percentage increases. The symmetrical pattern of these cycles, underlined in charts with equally sized green boxes, prompted Kenobi to predict the onset of a third such growth phase.

He observed that the present movement already went through an equivalent "yellow band" phase that occurred at the outset of the past rallies for 2024.

If the trend continues, Bitcoin can reach $139,000-$140,000 in the next 17 days. Although June can expect dullness because of Federal Reserve uncertainty, July may cause renewed excitement in markets. This possible third wave can also propel altcoins into an explosive surge, following earlier bull market trends.