CryptoQuant's latest analysis indicates that Bitcoin's short-term SOPR (Spent Output Profit Ratio) has spiked below 0.94, suggesting the current downward trend may be nearing its end. This development coincides with Bitcoin being oversold on both 3-day and daily timeframes, while the fear and greed index remains at extreme fear levels. The analysis forecasts a potential 'dead cat bounce' scenario, with Bitcoin likely to trade between $78,000 and $105,000 over the coming months. Additionally, a rapid move above $100,000 could potentially trigger a 'Santa's rally' narrative, further influencing market dynamics.