MVRV Z-Score 顯示比特幣 (BTC) 週期頂部尚未達到

比特幣在過去 24 小時內將回檔時間延長至 10 萬美元以下。特別是，過去 24 小時內比特幣價格的盤整凸顯了這一點，領先的加密貨幣在這段時間內僅下跌了約 0.18%。

Bitcoin's (CRYPTO: BTC) price correction below the $100,000 level continued during the last 24 hours. Specifically, Bitcoin's price consolidated during the last 24 hours, with the leading cryptocurrency down by only about 0.18% during this timeframe.

在過去 24 小時內，比特幣（CRYPTO：BTC）價格繼續回調至 10 萬美元以下。具體來說，比特幣的價格在過去 24 小時內盤整，領先的加密貨幣在這段時間內僅下跌了約 0.18%。

This price correction began on December 17, when Bitcoin faced a strong rejection after hitting $108,135. This notable reversal has left investors questioning whether the rally has lost bullish momentum or if this is only a temporary setback. However, crypto analyst CRYPTO₿IRB has disputed the idea that BTC's cycle top has been reached. According to technical analysis, the MVRV indicator suggests more upside for Bitcoin this cycle.

這次價格調整始於 12 月 17 日，當時比特幣在觸及 108,135 美元後遭遇強烈拒絕。這一顯著的逆轉讓投資人質疑漲勢是否已經失去看漲勢頭，或者這只是暫時的挫折。然而，加密貨幣分析師 CRYPTO₿IRB 對 BTC 週期頂部已達到的觀點提出了質疑。根據技術分析，MVRV 指標顯示比特幣本週期有更多上漲空間。

MVRV Z-Score Shows No Signs Of A Cycle Top

MVRV Z 分數顯示沒有循環頂部的跡象

In his analysis, which was posted on social media platform X, crypto analyst CRYPTO₿IRB highlighted a bullish outlook for the Bitcoin price. Specifically, his outlook is based on the MVRV Z-Score, a metric that compares market value to realized value. The MVRV Z-Score uses standard deviations from historical averages to identify periods when BTC is either undervalued or overvalued. Historically, Bitcoin's market peaks have occurred when the MVRV Z-Score moves above 7.0 and remains at that level for several weeks.

加密貨幣分析師 CRYPTO₿IRB 在社群媒體平台 X 上發布的分析中強調了比特幣價格的看漲前景。具體來說，他的前景是基於 MVRV Z 分數，這是一種比較市場價值與實現價值的指標。 MVRV Z 分數使用歷史平均值的標準差來確定 BTC 被低估或高估的時期。從歷史上看，當 MVRV Z 得分高於 7.0 並保持在該水平數週時，比特幣的市場高峰就會出現。

For example, the 2021 bull market peak of $67,700 was marked by an MVRV Z-Score of 7.0. Previous peaks before this in 2018 and 2014 were marked by MVRV Z-Scores ranging from 9 to 10. At its recent peak of $108,135 on December 17, Bitcoin's MVRV Z-Score was only 2.42, suggesting that the cryptocurrency was still far below its historical overheating zone.

例如，2021 年牛市峰值 67,700 美元的 MVRV Z 得分為 7.0。在此之前的2018 年和2014 年高峰的MVRV Z 得分為9 到10。於其歷史水準過熱區。

With this MVRV Z-Score phenomenon in mind, CRYPTO₿IRB noted that BTC is still on track to continue on its upward move this cycle. According to his projection, Bitcoin's price would need to cross $235,000 for the MVRV Z-Score to reach the historical overheated level of 7.0 for market peaks.

考慮到這種 MVRV Z 分數現象，CRYPTO₿IRB 指出，BTC 本週期仍有望持續上漲。根據他的預測，比特幣的價格需要突破 235,000 美元，MVRV Z 分數才能達到市場高峰的歷史過熱水平 7.0。

What The MVRV Z-Score Means For Bitcoin's Current Market Cycle

MVRV Z 分數對比特幣當前市場週期意味著什麼

The implications of the MVRV Z-Score analysis go beyond Bitcoin's short-term price action. Speaking of short-term price action, BTC could continue on its consolidation below $100,000 into the next few days, though the correction is still within historical norms. The key level to continue watching for support on the shorter timeframes is $92,000.

MVRV Z 分數分析的影響超出了比特幣的短期價格走勢。說到短期價格走勢，比特幣可能在未來幾天繼續在 10 萬美元以下盤整，儘管調整仍在歷史正常範圍內。繼續關注較短時間框架內支撐的關鍵水平是 92,000 美元。

If the accuracy of the MVRV Z-Score metric holds true, BTC could be in the early stages of its bull cycle rather than nearing its conclusion. This outlook leans more towards the general sentiment among traders, with some Bitcoin price predictions reaching as high as $1 million.

如果 MVRV Z 得分指標的準確性成立，那麼 BTC 可能正處於牛市週期的早期階段，而不是接近尾聲。這一前景更傾向於交易者的普遍情緒，一些比特幣價格預測高達 100 萬美元。

At last check, Bitcoin was trading around $97,940. If BTC ultimately reaches the projected $235,000 price target associated with a Z-Score crossing 7.0, this would mark a 140% increase from its current level.

最後一次檢查時，比特幣交易價格約為 97,940 美元。如果 BTC 最終達到與 Z 分數跨越 7.0 相關的預計價格目標 235,000 美元，這將比當前水準上漲 140%。