由於拋售壓力加大，比特幣（BTC）投資者對持續上漲趨勢表示懷疑

對於許多投資者來說，2025 年對於更廣泛的加密市場來說似乎是極度樂觀的一年。但在第一天，比特幣（BTC）面臨激烈的

After a strong rally in 2024, crypto investors might have anticipated a bullish 2025. However, on the first day of the year, BTC faced selling pressure from day one. This raised concerns about the flagship cryptocurrency’s ability to break above $95,000.

在 2024 年的強勁反彈之後，加密貨幣投資者可能會預期 2025 年會看漲。這引發了人們對旗艦加密貨幣能否突破 95,000 美元的擔憂。

In this analysis, BeInCrypto examines Bitcoin’s short-term price outlook using key indicators.

在本次分析中，BeInCrypto 使用關鍵指標審視了比特幣的短期價格前景。

Bitcoin Investors Put Sustained Uptrend in DoubtAfter the US elections in November 2024, the Bitcoin Coinbase Premium Index soared to 0.14. The Coinbase Premium Index indicates whether there is strong buying pressure among US investors or whether they are selling in large volumes.

比特幣投資者對持續上漲趨勢存疑 2024 年 11 月美國大選後，比特幣 Coinbase 溢價指數飆升至 0.14。 Coinbase 溢價指數顯示美國投資者是否有強勁的購買壓力或是否大量拋售。

High values, like those in November, indicate strong selling pressure. However, as of this writing, the index has dropped to -0.22, which is the lowest level in the last 12 months. This drastic decline indicates that Bitcoin investors in the US are selling their assets.

像 11 月那樣的高值表示拋售壓力很大。然而，截至撰寫本文時，該指數已跌至-0.22，這是過去12個月以來的最低水準。這種大幅下跌表明美國的比特幣投資者正在出售其資產。

Meanwhile, BTC trades at $95,318, up by a mild 2.06% in the last 24 hours. However, if these investors continue to sell their BTC, this trend might change, leading to a lower price for the cryptocurrency.

同時，BTC 交易價格為 95,318 美元，在過去 24 小時內小幅上漲 2.06%。然而，如果這些投資者繼續出售他們的比特幣，這種趨勢可能會改變，導致加密貨幣的價格下跌。

Following this development, crypto analyst Burak Kesmeci noted that it could become difficult for the Bitcoin price to climb.

隨著這一發展，加密貨幣分析師 Burak Kesmeci 指出，比特幣價格可能難以攀升。

“Such trends can create a challenging environment for Bitcoin’s short-term price recovery unless we see a shift in macroeconomic conditions or renewed interest from institutional or retail buyers,” Kesmeci opined via CryptoQuant.

Kesmeci 透過 CryptoQuant 表示：“除非我們看到宏觀經濟狀況發生變化或機構或散戶買家重新燃起興趣，否則這種趨勢可能會給比特幣的短期價格復甦帶來挑戰。”

Another indicator that supports this outlook is the price — Daily Active Addresses (DAA) divergence. This metric measures the relationship between user engagement on a blockchain and the price action.

支持這一前景的另一個指標是價格——每日活躍地址（DAA）差異。此指標衡量區塊鏈上的用戶參與度與價格行為之間的關係。

When it is positive, it implies that user participation has improved, which is bullish for the cryptocurrency. On the other hand, a negative reading indicates decreasing user engagement, which is, in turn, bearish.

當它為正時，意味著用戶參與度有所提高，這對加密貨幣有利。另一方面，負面讀數表明用戶參與度下降，這反過來又是看跌的。

As shown above, Bitcoin’s price DAA divergence is down to 231%, indicating the latter. If this trend persists, the possibility of BTC trading below the $90,000 mark could grow even stronger.

如上圖所示，比特幣的價格 DAA 背離已降至 231%，顯示是後者。如果這種趨勢持續下去，比特幣跌破 9 萬美元大關的可能性可能會更大。

BTC Price Prediction: Sub-$90,000 Levels Still PossibleEven though BTC has recently seen an increase, the Exponential Moving Average (EMA) suggests that the recent upswing might not last. The EMA is a technical indicator that gauges trend direction relative to the price.

BTC 價格預測：仍有可能低於 90,000 美元水準儘管 BTC 最近有所上漲，但指數移動平均線 (EMA) 表明近期的上漲可能不會持續。 EMA 是衡量相對於價格的趨勢方向的技術指標。

When the EMA slopes above the price, the trend is bearish. But when the price is above the indicator, the trend is bullish. As of this writing, BTC is trading below the 20 EMA (blue), indicating that the value of cryptocurrency might continue to decrease.

當 EMA 傾斜於價格上方時，趨勢看跌。但當價格高於該指標時，趨勢看漲。截至撰寫本文時，BTC 的交易價格低於 20 EMA（藍色），表明加密貨幣的價值可能會繼續下跌。

Should the crypto fail to rise above the 20 EMA and Bitcoin selling pressure increases, then the price might drop to $85,851. However, if US investors contribute to Bitcoin’s buying pressure, this trend might change. In that scenario, the coin’s value might jump to $108,398.

如果加密貨幣未能升至 20 EMA 以上且比特幣拋售壓力增加，那麼價格可能會跌至 85,851 美元。然而，如果美國投資者加大比特幣的購買壓力，這種趨勢可能會改變。在這種情況下，代幣的價值可能會躍升至 108,398 美元。