Will Bitcoin Hit $120K This Week? CryptoQuant Says No – Here’s Why (2025 Update)

The $120K Bitcoin Dream: Too Good to Be True?

Market chatter about bitcoin reaching $120,000 this week has been fueled by spot ETF inflows and historical halving cycles. But CryptoQuant’s on-chain metrics tell a different story. Their analysts note that exchange reserves are rising – typically a bearish signal as whales prepare to sell. "We’re seeing profit-taking signals similar to the 2021 cycle peak," one researcher told me.

Macro Headwinds Could Push BTC to $73K

The Federal Reserve’s hawkish stance and stronger-than-expected jobs data have created what CryptoQuant calls a "perfect storm" for risk assets. Their models suggest $73,000 as the next strong support level if macroeconomic conditions worsen. I’ve personally noticed increased BTC futures liquidations on exchanges like BTCC and Binance – never a good sign during price consolidations.

What the Data Says (Beyond the Hype)

According to TradingView charts, Bitcoin’s RSI has been flirting with overbought territory since August. Meanwhile, CoinMarketCap data shows stablecoin reserves haven’t kept pace with the projected $120K rally narrative. "The math simply doesn’t add up," remarked a BTCC market strategist during our Tuesday briefing.

Historical Patterns vs. Current Realities

Yes, Bitcoin tends to surge post-halving. But 2025 isn’t 2021 – we’re dealing with tighter regulations and institutional players who move markets differently than retail FOMO did in previous cycles. I’ve dug through CryptoQuant’s archives and found that similar exchange inflow patterns preceded the 30% correction in March 2024.

FAQ: Your Bitcoin Price Questions Answered

Why is CryptoQuant skeptical about the $120K prediction?

Their on-chain data shows declining network activity and increasing exchange deposits – classic distribution signals that typically precede pullbacks.

What would it take for Bitcoin to actually hit $120K?

We’d need to see sustained spot buying (not just derivatives hype), decreasing exchange reserves, and a dovish pivot from the Fed – none of which are currently present.

How reliable are these price predictions?

All crypto forecasts come with caveats. As the old trader saying goes: "Predictions are like horoscopes for men in suits." Always DYOR.