Bitcoin Faces Pivotal Moment Bears Target $75K, Quant Pumps To $100 Despite Bearish Market

Monday saw a shock crash in the Bitcoin price, dropping to as low as $84,000 from the weekend high of $92,000. But now, Bitcoin has stabilized over $87,000, although analysts fear that BTC might fall back below $75k as it faces resistance at its yearly price open.

However, if Bitcoin can form a support above $94,000, it could extend its rally back above $100k. While the crypto market has been bearish, Quant (QNT) has been shooting up the charts. The price of QNT has pumped by more than 20% in the last week, testing the $100 resistance level in the process. 

Bitcoin Faces Pivotal Moment, But Analysts Share Mixed Sentiments

The sudden dip of Bitcoin on the first day of December to lows at $84,000 raised fears among investors and caution among analysts. The drop comes as Bitcoin faced a rejection at the $93,500, its yearly high. 

As a result of the decline, data from CryptoQuant shows that short-term investors (1-3 months of holders) have seen staggering losses. These investors are in losses between 20%-25%, representing the most intense capitulation phase of the current bull cycle.

The Bitcoin price has bounced backed up, rising above the $87,200 mark. However, the growing bearish sentiment in the market has left analysts divided as to where the BTC price could go from here. If Bitcoin gets rejected at its yearly high again, we could see a drop to the $80,000 zone. 

The popular analyst, CryptoGems is optimistic about the Bitcoin price trajectory. While CryptoGems predicts that BTC could skyrocket to a new ATH above $210k by 2026, the chart he shared suggests that Bitcoin could drop to the $75K range before the uptrend begins.

Quant (QNT) Holds Strong Despite Bearish Market

While the rest of the crypto market started December with a huge dip, Quant has been surging up the charts. On the weekly timeframe, the value of QNT has increased by more than 20%, surging above $108 for the first time since October.

While the price of Quant has stabilized just under the $100 resistance level, there are bullish signs that hint that the rally could continue. There has been a massive drop in QNT crypto left on exchanges. According to CryptoQuant’s data, QNT reserves on exchanges have dropped to just 3.06 million tokens, which is the lowest ever recorded. 

The strong on-chain metric is also backed by fundamental support for the potential Quant rally extension. QNT has also been forming higher highs and higher lows on the 4H chart. In addition, QNT has broken above a descending trendline on the 1D price chart. With the breakout, the price of Quant could target $150 over the next few days.

Fed Rate Cut Could Catalyze Crypto Market Rebound 

While the sentiment in the crypto market has predominantly been bearish, CME’s FedWatch tool suggests that there is an 87% chance of a rate cut in December. If this happens, it could change the trend in the crypto market, providing the bullish momentum for Bitcoin and Quant to rally before the end of 2025.