到 2025 年底，比特幣 [BTC] 的價值可能會翻倍至 20 萬美元，原因如下

儘管比特幣暫時停留在 9 萬至 10 萬美元的範圍內，但到 2025 年底，其價值可能會翻一番，達到 20 萬美元。

Text Version: Despite Being ‘Stuck’ in the $90k Zone, BTC Might Double to Hit $200k by End-2025: Here's How

文字版本：儘管「卡在」9 萬美元區域，但 BTC 到 2025 年底可能會翻倍達到 20 萬美元：具體方法如下

Despite being temporarily stuck in the $90k-$100k range, Bitcoin [BTC] could double its value to $200k by end-2025. This was a projection made by a pseudonymous market analyst – Stockmoney Lizards.

儘管比特幣暫時停留在 9 萬至 10 萬美元的範圍內，但到 2025 年底，其價值可能會翻一番，達到 20 萬美元。這是一位匿名市場分析師 Stockmoney Lizards 所做的預測。

Part of his analysis read,

他的部分分析如下：

“We are only half-way to the top…We have not reached the top of the channel yet; no RSI-based top signal has been given either and price is still well above the blue channel after a short retest. Year-end target $200k.”

「我們只到達了山頂的一半……我們還沒有到達海峽的頂部；也沒有給出基於 RSI 的頂部訊號，經過短暫的重新測試後，價格仍然遠高於藍色通道。年終目標 20 萬美元。

The attached chart highlighted historical RSI (red/green arrows) levels, indicating overbought (bearish reversal) and oversold (bullish reversal) conditions correlated to previous BTC cycle tops/bottoms).

所附圖表突顯了歷史 RSI（紅色/綠色箭頭）水平，顯示與先前的 BTC 週期頂部/底部相關的超買（看跌逆轉）和超賣（看漲逆轉）狀況。

Based on the same, the RSI hadn’t flagged another bearish reversal (red) signal – A sign that maybe, BTC is still far from topping out.

基於同樣的情況，RSI 並未發出另一個看跌反轉（紅色）訊號——這可能表明 BTC 仍遠未見頂。

More room for growth?

更多成長空間？

By extension, the aforementioned analysis implied that Bitcoin was undervalued at its press time level. Another valuation model, the True MVRV (Market Value to Realized Value) ratio, confirmed this idea.

推而廣之，上述分析顯示比特幣在發稿時被低估。另一種估值模型，真實 MVRV（市場價值與已實現價值）比率證實了這個想法。

Historically, a True MVRV value of 2 marks local tops while a reading of 4 and above flags cycle tops.

從歷史上看，真實 MVRV 值為 2 標誌著局部頂部，而讀數為 4 及以上則標記循環頂部。

In March and December 2024, BTC's local tops coincided with an MVRV of 2. At press time, the MVRV had declined to 1.7, suggesting enough growth room for BTC on the price charts.

2024 年 3 月和 12 月，BTC 的局部頂部與 MVRV 為 2 一致。

Similarly, the 200-week MA (moving average), typical for marking the BTC cycle bottom, jumped to $43k. Simply put, the next bear phase could bottom above $40k before triggering another bull run phase.

同樣，標誌著 BTC 週期底部的典型 200 週 MA（移動平均線）躍升至 4.3 萬美元。簡而言之，下一個熊市階段可能會觸底至 4 萬美元以上，然後觸發另一個牛市階段。

Worth pointing out, however, that the king coin still faces some short-term risks. In fact, according to crypto trading firm QCP Capital, Donald Trump’s presidential inauguration and slow Fed rate cut path expectations could expose BTC to gappy moves.

不過值得指出的是，王幣仍面臨一些短期風險。事實上，根據加密貨幣交易公司 QCP Capital 的說法，唐納德·川普的總統就職典禮和聯準會緩慢的降息路徑預期可能會使 BTC 面臨巨大的波動。

Part of its daily market commentary shared on Telegram read,

其在 Telegram 上分享的每日市集評論的部分內容如下：

“Expect heightened volatility before and after the inauguration as markets digest and adjust to a new term under Trump. We maintain cautious of the downside as the $90k level in BTC has been tested numerous times.”

「隨著市場消化並適應川普的新任期，預計就職前後的波動性將會加劇。我們對下行保持謹慎，因為 BTC 的 9 萬美元水平已經被多次測試。