In accordance with Forklog, experts from CryptoQuant predict that Bitcoin could rise to $112,000 in the next one to three months if the Federal Reserve eases monetary policy. The price may first test $99,000, a key resistance level, before facing further hurdles at $102,000 and $112,000. Low selling pressure and reduced on-chain activity, including fewer BTC deposits on exchanges, are seen as positive signs. Analyst Darkfost noted that Bitcoin’s NUPL ratio has dropped to its lowest level since October 2023, suggesting a potential accumulation phase. Meanwhile, Ethereum’s rally is marked by subdued funding rates, indicating a recovering rather than overheated market.
Experts Predict Bitcoin Could Rise to $112,000 in 1-3 Months
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Summary
Bitcoin news: Experts from CryptoQuant predict the price could hit $112,000 in 1–3 months if the Fed eases policy. The price may first test $99,000, then face resistance at $102,000. Low selling pressure and fewer BTC deposits on exchanges are seen as bullish. Analyst Darkfost noted Bitcoin’s NUPL ratio is at its lowest since October 2023, signaling accumulation. Altcoins to watch also show signs of recovery, with Ethereum’s rally supported by stable funding rates.
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