比特幣（BTC）市場沒有過熱，並且可能會經歷進一步的增長 - 分析師

加密分析師Axel Adler Jr.根據調整後的未實現的盈利/損失（ANUPL）指標提供了有關比特幣（BTC）市場現狀的一些見解。

renowned crypto analyst has shared his insights on the current state of the Bitcoin (BTC) market, using the adjusted Net Unrealized Profit/Loss (aNUPL) indicator to gauge market sentiment and potential price movements.

著名的加密分析師使用調整後的未實現的盈利/損失（ANUPL）指標分享了他對比特幣（BTC）市場現狀的見解，以衡量市場的情感和潛在的價格變動。

According to the analyst, Bitcoin’s aNUPL is currently at 0.4, which indicates that investors are sitting on a substantial amount of unrealized gains. This level of market optimism is considered healthy and sustainable, especially given that Bitcoin has been rallying since September 2024, forming a strong bullish structure.

根據分析師的說法，比特幣的Anupl目前為0.4，這表明投資者坐在大量未實現的收益上。這種市場樂觀水平被認為是健康和可持續的，尤其是考慮到比特幣自2024年9月以來一直在集會，形成了強大的看漲結構。

However, an aNUPL of 0.4 is still significantly lower than the peak levels of 0.7-0.8 observed during the previous bull cycles in 2017 and 2021, which typically coincides with investor euphoria and an overheated market. Based on these observations, the analyst concludes that the Bitcoin market is not yet showing signs of exuberance.

然而，在2017年和2021年的上一個牛週期中觀察到的0.4的ANUPL仍然明顯低於0.7-0.8的峰值水平，這通常與投資者Euphoria和過熱的市場相吻合。基於這些觀察結果，分析師得出結論，比特幣市場尚未顯示出旺盛的跡象。

BTC Price Poised For More Growth?

BTC價格有望增長？

A glance at Bitcoin’s daily chart shows that the asset’s price hovered around $100,824 at the time of writing, after a 1.72% decrease over the past day. The Relative Strength Index for BTC stood at 50.43, suggesting that the asset could still handle higher prices before entering the overbought zone, which aligns with the analyst’s bullish outlook.

一眼比特幣的每日圖表表明，在撰寫本文時，資產的價格徘徊在100,824美元左右，過去一天下降了1.72％。 BTC的相對強度指數為50.43，這表明該資產在進入過失的區域之前仍可以處理更高的價格，這與分析師的看漲前景相吻合。

This positive projection is further supported by the 100-day simple moving average, which remained well below Bitcoin’s price in a classic bullish indicator. In terms of price barriers, Bitcoin faces psychological resistance at the $106,000 price zone, breaking through which could lead to a continuation of the rally towards its current all-time high at $109,114.

100天簡單的移動平均線進一步支持了這一積極的預測，在經典的看漲指標中，該平均值遠低於比特幣的價格。在價格障礙方面，比特幣在106,000美元的價格區域面臨心理阻力，這可能會導致集會延續其目前的歷史最高高點，為109,114美元。

However, another rejection at $106,000 would keep the premier cryptocurrency stuck in a consolidation phase that has characterized the past two weeks.

但是，另一項拒絕為106,000美元，將使總理加密貨幣陷入過去的兩週的整合階段。

Overall, the long-term outlook for Bitcoin remains bullish, with investors expecting the asset to reach new highs, driven by historical data and the Trump administration’s crypto-friendly stance. Before the bull run concludes, some analysts predict that BTC will trade between $150,000 – $350,000.

總體而言，比特幣的長期前景仍然看漲，投資者期望資產在歷史數據和特朗普政府對加密貨幣友好的立場的推動下達到新的高位。在公牛比賽結束之前，一些分析師預測，BTC將在150,000美元至35萬美元之間進行交易。

Featured image from Unsplash, chart from Tradingview

來自Unsplash的特色圖像，TradingView的圖表