Биткоин на пути к новым вершинам: прогноз роста до $200 000 к концу года Headline: Bitcoin on the Road to New Heights: Forecasted Growth to $200,000 by Years End

According to analysts from CryptoQuant, if the current demand growth rate is maintained, the first cryptocurrency could reach between $160,000 and $200,000 by the end of the year.

Their data reveals that since July, spot purchases of Bitcoin have been increasing by 62,000 BTC per month. This trend is similar to the movement observed prior to previous rallies in the fourth quarters of 2020, 2021, and 2024.

Experts have also pointed out a heightened demand from whales and exchange-traded funds (ETFs). Large holders are boosting their exposure at a rate of 331,000 BTC annually, significantly surpassing figures from comparable periods in previous years:

In the same timeframe last year, American ETFs acquired 213,000 BTC—71% more than in the previous quarter. The current situation suggests a possibility of experiencing similar dynamics in the upcoming three months.

Analysts noted that Bitcoin has successfully surpassed the realized price level of traders at $116,000 and has officially entered a bullish phase of the cycle. After testing this level and consolidating around $117,300, experts have established a target range for the quarter between $160,000 and $200,000.

They emphasized that technical indicators support this optimistic scenario. The CryptoQuant Bull Strength Index was around 40-50 at the end of the third quarter. A similar situation was observed last year when the price of the leading cryptocurrency rose from $70,000 to $100,000.

«The current index values indicate a transition into the bullish phase of the market cycle,» the specialists explained.

Three key factors are providing support: a sustained increase in Bitcoin demand, rising liquidity among stablecoins, and a decrease in unrealized profits for traders. Collectively, these elements «reduce the potential for selling.»

A contributor to CryptoQuant known as Crypto Dan has also noted that the bullish phase of digital gold is ongoing. According to him, there are no clear signs of its conclusion as of yet.

He pointed to the behavior of long-term Bitcoin holders. When a growth cycle nears its peak, this group of investors tends to start selling actively—particularly coins that have been held for more than a year. Presently, the scenario appears different: the proportion of «aged» coins is gradually decreasing, hinting at a new growth impulse.

It is worth mentioning that experts have identified several key indicators signaling a potential «major movement» for Bitcoin.

Analysts from XWIN Research have also explained the patterns of seasonal rallies typically seen in the fourth quarter.