Bitcoin’s $112,000 Target Hinges on Fed Policy and Key Price Levels
A dovish turn from the Federal Reserve could be the catalyst that propels Bitcoin toward a potential target of $112,000. This outlook from CryptoQuant is conditional, however, on the digital asset first breaking through significant resistance zones in the market.
For this scenario to unfold, the on-chain analytics firm notes that Bitcoin must successfully overcome two primary price ceilings. Research head Julio Moreno called the $99,000 and $102,000 levels “critical” resistances that need to be cleared.
Moreno defines a positive Fed outcome not merely as an interest rate reduction, but also as forward guidance that signals a forthcoming cycle of cuts and manageable inflation projections. If these conditions are met, an initial test of $99,000 is likely, with the rally’s sustainability depending on profit-taking activity.
CryptoQuant’s report elaborates on the technical landscape. The first major barrier, $99,000, aligns with the lower band of the Trader On-chain Realized Price, which often acts as resistance. The subsequent targets are the one-year moving average at $102,000 and the primary Trader On-chain Realized Price at $112,000.
While Wall Street largely anticipates a rate cut at today’s meeting, the focal point for markets is the Fed’s economic projections, which will outline the expected path for interest rates through the next year.
