Bitcoin Could Hit $160K–$200K In Q4, Says CryptoQuant

Key Insights:

Bitcoin trades near $120K with bullish momentum building.

CryptoQuant says the bull cycle is still in progress although it is slow.

CryptoQuant forecasts BTC could hit $160K–$200K in Q4 if trend continues.

A new market report from CryptoQuant suggests that the current Bitcoin bull cycle is advancing at a steady pace and shows no signs of an imminent end.

The on-chain data firm noted that while the market is progressing more slowly compared to previous cycles, indicators point to a strong upward move possibly around the corner.

Historically, the end of a Bitcoin bull cycle has aligned with a sharp drop in long-term BTC holders who have held for over a year.

This trend has yet to play out in full. According to the report, the proportion of BTC held for over one year is declining gradually, indicating that the cycle has not peaked and investor conviction remains high.

Bitcoin Price Climbs to $119K As Momentum Builds

Bitcoin price chart | Source: Tradingview 

The flagship cryptocurrency is trading at $119,865, up over 7.5% in the last seven days. It has broken out from last week’s range below $117,000 and is now approaching the key $120,000 psychological level.

Today’s candle closed near the session high of $119,913, with strong momentum visible in higher volume and clean chart structure.

On the technical side, the e RSI stands at 65.42, showing bullish momentum that has not yet hit overbought territory. The Chaikin Money Flow (CMF) remains positive at 0.16, indicating capital inflows and consistent buyer pressure.

A breakout above $120K could lead to a move toward $122,000–$125,000. On the flip side, resistance at these levels might spark short-term selling if overbought signals emerge.

Still, CryptoQuant maintains a bullish outlook, forecasting BTC could reach $160K–$200K by Q4 2025.