比特幣（BTC）繼續遵循其2017週期的軌跡

儘管最近的市場動盪，但美國與其鄰國以及中國之間的關稅緊張局勢不斷提高。

output: Bitcoin (BTC) price movements have largely mirrored those observed during the bull cycle of 2017, despite recent market volatility driven by escalating tariff tensions between the U.S. and its neighboring nations, including China.

產出：儘管最近在包括中國在內的美國和鄰國之間的關稅緊張局勢升級，比特幣（BTC）的價格變動在2017年牛週期中觀察到的那些市場波動在很大程度上反映了2017年牛週期。

Since hitting a cycle low during the FTX collapse in November 2022, BTC has risen by around 525%. In comparison, at a similar stage in the 2017 cycle, bitcoin had risen by 533%.

自2022年11月在FTX崩潰中擊中周期低以來，BTC上升了約525％。相比之下，在2017年周期的類似階段，比特幣增長了533％。

Another way to assess bitcoin’s cyclical behavior is by tracking the returns from previous all-time highs. The last cycle's market peak in nominal terms was $69,000 in November 2021. However, on-chain indicators suggest that April 2021, when BTC hit roughly $64,000, marked the true top of the cycle.

評估比特幣週期性行為的另一種方法是跟踪以前歷史最高點的回報。上一個週期的名義上的市場達到了2021年11月的69,000美元。但是，鏈指標表明，2021年4月，當BTC達到大約64,000美元時，標誌著該週期的真實頂級。

Remarkably, bitcoin has maintained a consistent trajectory in tracking previous cycles, despite the varying geopolitical landscapes.

值得注意的是，儘管地緣政治景觀不同，但比特幣在跟踪以前的周期方面保持了一致的軌跡。

Moreover, BTC has traded within a range of $90,000 to $109,000 for the past 2.5 months, despite the heightened market volatility. Within this period, BTC has repeatedly tested both the upper and lower limits of its current trading channel.

此外，儘管市場波動率提高，但在過去2.5個月中，BTC在過去2.5個月內的交易範圍在90,000至109,000美元之間。在此期間，BTC反複測試了其當前交易渠道的上限和下限。

Previously, CoinDesk research highlighted $91,000 as a local bottom for bitcoin.

以前，Coindesk Research強調了91,000美元作為比特幣的本地底部。