比特幣（BTC）的價格最低點，牛跑還沒有結束，分析師聲稱

比特幣（BTC）的交易仍低於關鍵水平，這引起了人們對公牛運行季節結束的猜測。

Bitcoin (BTC) price is yet to trade above crucial levels amid speculations of the bull run season coming to an end.

However, CryptoQuant analyst Woominkyu claims that the price of Bitcoin is bottoming out, and the bull run is not over yet.

但是，加密分析師Woominkyu聲稱比特幣的價格正在觸發，牛跑還沒有結束。

The analyst compared Bitcoin’s current trend to past performance when the hash price plummeted.

分析師將比特幣的當前趨勢與哈希價格下降時的過去性能進行了比較。

Hash Price Bottoming Out

哈希價格觸底

In a recent CryptoQuant Quicktake post, analyst Woominkyu shared an interesting chart that showed the correlation between Bitcoin price and hash price.

The chart pointed to a declining hash price, which coincides with the bottom of Bitcoin prices.

該圖指出，哈希價格下降，這與比特幣價格的底部相吻合。

The analyst noted that periods of lower hash prices have historically aligned with the bottoms of Bitcoin prices.

分析師指出，較低的哈希價格時期與比特幣價格的底部保持一致。

Taking past performance into account, he suggests that Bitcoin’s price is nearing a bottom, aligning with the current low hash price.

考慮到過去的性能，他建議比特幣的價格接近底部，與目前的低哈希價格保持一致。

Hash price is a critical metric that represents the earnings a miner can expect for each exahash of computing power contributed to the Bitcoin network.

The value is calculated by dividing the daily mining revenue by the total network hash rate.

該值是通過將每日採礦收入除以整個網絡哈希速率來計算的。

When the hash price is low, miners generate less revenue for the same amount of computational work. This is primarily due to reduced transaction fees or a lower Bitcoin price.

當哈希價格低時，礦工在相同數量的計算工作中產生的收入較小。這主要是由於交易費用降低或比特幣價格降低。

Thus, the recent low hash prices suggest increased competition among miners, resulting in the overall reduced profitability of mining.

因此，最近的低哈希價格表明礦工之間的競爭增加，從而導致採礦的總體盈利能力降低。

State Of The Bitcoin Ecosystem

比特幣生態系統的狀態

Although Bitcoin has slightly recovered from today’s morning trading session, the price is still below the $90,000 mark.

BTC price was trading at $84,534, down 0.6% over the previous day and 14% in the past week.

BTC的價格為84,534美元，比前一天下跌0.6％，在過去一周中下降了14％。

However, the daily trading volume increased by 25% to $66.5 billion, indicating renewed interest from investors.

Meanwhile, the Bitcoin price prediction sentiment is bearish, while the Fear & Greed Index shows Extreme Fear at 10.

同時，比特幣價格預測情緒是看跌，而恐懼和貪婪指數在10時表現出極端的恐懼。

The recent BTC price decline stems from whale movement and low sentiments in the spot ETF market.

最近的BTC價格下跌源於鯨魚運動和現貨ETF市場的低點。

CryptoQuant CEO Ki Young Ju recently highlighted that Coinbase whales are making bold Bitcoin moves. Notably, strong activity from whales often indicates that holders are preparing to sell or move funds due to high volatility.

CryptoQuant首席執行官Ki Young Ju最近強調，Coinbase鯨魚正在做大膽的比特幣動作。值得注意的是，鯨魚的強大活動通常表明持有人準備出售或移動資金，原因很大。

In recent weeks, persistent outflows from the spot Bitcoin Exchange-Traded Fund (ETF) have also contributed to declining prices. On Wednesday, February 26, the ETFs saw outflows reaching $754.6 million, per Farside Investors data.

最近幾週，來自現貨比特幣交易所交易基金（ETF）的持續流出也導致了價格下降。 2月26日，星期三，ETF的流出量達到7.546億美元，每個Farside Investors數據。

Bitcoin Price Forecast

比特幣價格預測

The price of BTC may have set a local resistance of $86,000 on the hourly chart. Bears may resurface if the daily bar closes far from this resistance, leading to BTC dropping to the $85,000 range.

BTC的價格可能在每小時圖表上設定了86,000美元的本地阻力。如果每日酒吧遠離這種阻力，則熊可能會浮出水面，從而導致BTC下降至85,000美元。

As a result, bulls will need to restore the rate above $90,000 if they want to get back in the game.

結果，如果公牛隊想重新獲得比賽，則需要將價格恢復到90,000美元以上。

Until this happens, bears might keep controlling the market situation. A weekly closure below the $89,392 level in the mid-term could see BTC plummeting to the $80,000 area.

在發生這種情況之前，熊可能會繼續控制市場狀況。在中期，每週關閉$ 89,392的水平可能會使BTC跌至80,000美元的地區。

However, technical analysis recently revealed a bull flag formation, a pattern that many analysts view as a precursor to rising prices. A weekly candlestick close above $101,800 would confirm the formation and set the stage for a major rally.

但是，技術分析最近揭示了牛旗的形成，這是許多分析師認為這是價格上漲的先驅。每週一每週的燭台超過101,800美元，將確認該地層並為重大集會奠定了基礎。