$BTC According to Egrag Crypto, the leading cryptocurrency is on the verge of a breakout with multiple potential price targets in sight. The non-logarithmic target presents a possible and conservative price peak of $113,000. Meanwhile, the logarithmic scale, which takes into account historical exponential gains, points to a price target of $260,000.

Averaging both methods, Egrag Crypto has chosen a personal target of $186,000. The analyst also favors a potential price peak of $175,000, as indicated by the Fibonacci extension level of 1.618, which has historically acted as a reliable indicator of cyclical highs. However, while this analysis presents a robust bullish prediction, Bitcoin must first experience a correction to around $65,000 to initiate this price increase.