比特幣（BTC）的歷史牛週期仍然完好無損

儘管投資者廣泛擔心當前的糾正，但這可能只是下一個領先之前的暫時“震動”

Crypto market analysts believe that Bitcoin's historic bull cycle is still intact, despite widespread investor fear over the current correction, which may only be a temporary "shakeout" ahead of the next leg up.

加密市場分析師認為，儘管投資者普遍擔心當前的糾正措施，但比特幣的歷史性牛週期仍然完好無損，這可能只是下一個領先的臨時“震動”。

Bitcoin's (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump's inauguration, according to CoinGecko.

根據Coingecko的說法，比特幣（BTC）的價格目前比其歷史最高高點下跌了22％，該高點在1月20日（美國總統唐納德·特朗普就職典禮當天記錄的109,000美元）下跌。

Despite investor sentiment dropping into "Extreme Fear" multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.

儘管投資者的情緒多次陷入“極端恐懼”，但歷史圖表模式表明，這可能只是價格上漲，這是由於多個投資者退出頭寸而引起的突然價格下跌，此前是突然的價格恢復。

"Several key technical indicators have turned bearish, leading to speculation that the bull cycle may be ending prematurely," Bitfinex analysts told Chainwire.

Bitfinex分析師告訴Chainwire：“幾個關鍵的技術指標變成了看跌，導致人們猜測牛週期可能會過早結束。”

"However, the launch of the US spot Bitcoin exchange-traded funds (ETFs), which temporarily surpassed $125 billion in cumulative holdings, along with the growing institutional crypto investments make it clear that the conventional cycle ceases to exist."

“但是，美國現貨比特幣交易所貿易資金（ETF）暫時超過了1,250億美元的累積持有量，而機構加密貨幣投資不斷增長，這清楚地表明，常規週期的存在已經不復存在。”

In an optimistic sign for price action, Bitcoin staged a daily close above $84,000 on March 15, for the first time in over a week since March 8, according to TradingView data.

根據TradingView Data的數據，在3月15日，比特幣在3月15日以來的每日售價超過84,000美元，這是3月8日以來的第一次，比特幣在3月8日以上的$ 84,000上演。

However, due to Bitcoin's correlation with traditional financial markets, BTC may only find a bottom along with equity markets, particularly the S&P 500, said Bitfinex analysts.

但是，由於比特幣與傳統金融市場的相關性，BTC可能只會與股票市場（尤其是標準普爾500標準普爾500號）一起找到底部。

"Trade wars have already been priced in, to some extent, but prolonged economic strain could weigh on sentiment."

“在某種程度上，貿易戰已經被定價，但長期的經濟壓力可能會對情緒產生影響。”

Bitcoin halving and four-year cycle still crucial for price action: Nexo analyst

比特幣減半和四年周期仍然對價格行動至關重要：Nexo分析師

Despite fears over a disrupted Bitcoin bull market, the four-year cycle, along with the Bitcoin halving event, remain crucial for Bitcoin's price action, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.

Nexo Digital Asset Investment Platform的Dispatch分析師Iliya Kalchev表示，儘管擔心比特幣牛市的破壞性牛市市場，但對比特幣減半活動，對比特幣的價格行動仍然至關重要。

"Bitcoin's four-year compound annual growth rate (CAGR) has declined to a record low of 8%, posing questions about whether its traditional four-year cycle remains valid," Kalchev said.

卡爾切夫說：“比特幣的四年復合年增長率（CAGR）下降到創紀錄的8％，提出了有關其傳統四年周期是否有效的問題。”

The 2024 Bitcoin halving reduced the Bitcoin network's block reward to 3.125 BTC per block.

2024比特幣減半將比特幣網絡的塊獎勵降低到每個街區的3.125 BTC。

Bitcoin price is up over 31% since the last halving occurred on April 20, 2024, which was coined the "most bullish" setup for Bitcoin price, partly because of the growing institutional interest in the world's first cryptocurrency.

自2024年4月20日上一次減半以來，比特幣價格上漲了31％，這是比特幣價格的“最看漲”設置，部分原因是世界上第一個加密貨幣的機構興趣日益增長。