CryptoQuant: Bitcoin will grow to $ 112,000 in three months

Analysts at CryptoQuant predict that bitcoin BTC $88,635.26 Mezo Wrapped BTC 0.21% Market capitalization $39.36 million VOL. 24 hours $1.89 billion may rise to $ 112,000 in the next one to three months. A key factor for this will be the easing of monetary policy by the US Federal Reserve, which may increase demand for risky assets. Investors' expectations are not only related to the base rate cut, but also to new forecasts for inflation and the upcoming credit easing cycle.

To reach the projected level, BTC must overcome two important resistance levels: $ 99,000, the lower limit of the realized price range, and $ 102,000, the annual moving average. CryptoQuant notes that further dynamics will depend on the behavior of traders after the $ 99,000 test. If profit-taking does not become widespread, the market will have a chance to continue the rally. The main driver is the decline in seller activity: daily coin inflows to the exchange fell from 88,000 BTC to 21,000 BTC, and the share of deposits from major players decreased from 47% to 21%.

Another signal that analysts see as a prerequisite for growth was the capitulation of investors. Since November 13, large holders have recorded cumulative losses of $ 3.2 billion. Historically, such stages have been accompanied by the exhaustion of sales pressure and often preceded new waves of quotation growth. In addition, the NUPL (net unrealized profit/loss ratio) has fallen to its lowest level since October 2023, indicating a period of accumulation.

An analyst under the nickname Darkfost believes that the current situation is favorable for the formation of new positions: «This is a time to accumulate, not capitulate,» he said. The current level of NUPL is 0.39, and, according to him, such values have historically corresponded to the zones of the beginning of a new bull cycle.

Regarding Ethereum, ShayanMarkets analyst noted that the price recovery after falling to $ 2800 is accompanied by low financing rates. This indicates that spot demand is dominating speculative demand. He added that such a calm market remains «healthy» and has the potential for further growth, provided that interest from traders increases. However, without an inflow of new volumes, the momentum may stall near the nearest resistance levels.