比特幣（BTC）價格反彈了過去的關鍵障礙，暗示了向上趨勢的開始

比特幣價格越過了降落的三角形模式，這表明向上趨勢的開始。

Key Insights:

關鍵見解：

Bitcoin price has bounced back past crucial barriers after it crossed a descending triangle pattern which indicates the beginning of an upward trend. It is currently trading close to $98,400, and experts have suggested the price could push to $115,000 over the near term. On the other hand, exchange holdings have been decreasing massively, and this means that more investors are opting to have long-term investments.

比特幣價格越過了降落的三角形模式，這表明向上趨勢的開始。目前，它的交易接近98,400美元，專家們建議，在短期內，價格可能會提高到115,000美元。另一方面，交易所持有的股份一直在大幅下降，這意味著越來越多的投資者選擇進行長期投資。

Bitcoin’s Technical Breakout Points to Further Gains

比特幣的技術突破點可以進一步提高

Coming out of the descending triangle pattern, demand has been aggressive, pushing the price through critical resistance levels. According to the market analyst, currently, Bitcoin is in between accumulation to distribution zones, but the breakout suggests that it will soon enter a more volatile zone.

需求從下降的三角形模式出來，這是積極進取的，從而通過關鍵阻力水平推動了價格。據市場分析師稱，目前的比特幣在累積到分銷區之間，但突破表明它將很快進入一個更波動的區域。

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The crypto market is currently in a range (unclear distribution vs accumulation), but showing bullish signs with potential upcoming volatility and a long-term target of $115,109.88.

加密市場目前處於範圍（不清楚的分銷與積累），但顯示出具有潛在波動性的看漲跡象，長期目標為115,109.88美元。

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The cryptocurrency is now trading above two crucial support levels $102,853.51 and $96,900 which supports the upside view. The next key resistance level is $108,981.70 following which the Bitcoin price may touch $110,000. A further breakout will drag the price to $115,109.88, which is the long-term target set by market analysts.

現在，加密貨幣的交易高於兩個關鍵的支持水平，$ 102,853.51和96,900美元，該水平支持上升視圖。下一個關鍵阻力水平為$ 108,981.70，此後比特幣價格可能會觸及110,000美元。進一步的突破將把價格拖到115,109.88美元，這是市場分析師設定的長期目標。

On-Chain Data Shows Strong Holder Confidence

鏈上數據表明持有人的信心很強

The number of addresses in profit reached 94% of the indicator, which confirms the desire of buyers who have already made a profit. This indicates that the majority of the investors invested in this instrument at much lower prices which they are now realizing their profits.

利潤地址的數量達到了指標的94％，這證實了已經獲利的買家的願望。這表明，大多數投資者以低得多的價格投資於該工具，他們現在已經意識到了自己的利潤。

Moreover, the exchange net outflow has hit $432.48 million in the last one week which supports a tendency indicating that more Bitcoin is being withdrawn from the exchange. This usually indicates that the investors have kept their money in private wallets as opposed to fishing for stocks in an attempt to make a sale.

此外，在過去的一周中，交易所淨流出已達到4.348億美元，這支持了一種趨勢，表明更多的比特幣正在從交易所中撤出。這通常表明投資者將錢保存在私人錢包中，而不是釣魚以進行銷售。

Exchange reserves of Bitcoin decline as its price increases

隨著價格上漲，比特幣下降的交換儲量

One of the factors that support the bullish outlook for Bitcoin is the depletion of exchange reserves. The exchange reserves of Bitcoin, according to CryptoQuant data, are at 2.4 million BTC, which indicates that it was the minimum value in the last few years.

支持比特幣前景的因素之一是交換儲量的耗竭。根據加密數據，比特幣的交換儲量為240萬BTC，這表明這是過去幾年中的最低價值。

This decrease started in mid-2022 when exchange reserves were more than 3.3 million BTC. These flows go further to depict a concern of reduced supply levels as have been known to pull up the prices in the market. This is the major reason why prices of Bitcoins tend to skyrocket as reserves reduce the number of Bitcoins that are easily liquidated in the market.

這種減少始於2022年中期，當時交易所儲備超過330萬BTC。這些流程進一步描述了人們對供應水平降低的關注，眾所周知，它可以提高市場價格。這是比特幣價格傾向於飆升的主要原因，因為儲量減少了容易在市場上清算的比特幣數量。

At the same time, the Bitcoin rate has been steadily growing within the past few days and reached $ 98,400. Such an inverse price recession to exchange reserves indicates that the supply side pressure is now off and allows to reach the further upwards, higher prices.

同時，在過去幾天內，比特幣率一直在穩步增長，達到98,400美元。交換儲備金的這種反價格經濟衰退表明，供應側壓力現在已經關閉，並允許進一步的上漲，更高的價格。

Market Condition and Possible Windows of Price Fluctuations

市場狀況和可能波動的可能的窗戶

Bitcoin’s technical breakout from the falling wedge pattern on the 4-hour chart suggests a continuation of the bullish trend. The price has already gained 1.60%, and indicators like the MACD (Moving Average Convergence Divergence) show strong momentum.

比特幣在4小時圖表上脫落的楔形模式的技術突破表明，看漲趨勢的延續。價格已經上漲1.60％，MACD（移動平均收斂差異）之類的指標表現出強大的動力。

If Bitcoin maintains support above $102,853, analysts expect further gains toward $104,000 – $106,000 in the short term. A successful breach of $110,000 could open the path for $115,000, a key psychological level for traders.

如果比特幣的支持保持在102,853美元以上，則分析師預計在短期內將進一步增長到104,000美元至106,000美元。成功違反$ 110,000的損失可能會以115,000美元的價格打開這一道路，這是交易者的關鍵心理水平。

However, another possible trend is short-term profit chasing and market fluctuations, especially as the majority of investors have already made profits. The traders are paying much attention to exchange flows as the excess could signify pressure selling.

但是，另一個可能的趨勢是短期利潤追逐和市場波動，尤其是大多數投資者已經賺錢。交易者正在對交換流量進行廣泛關注，因為多餘的人可能表示壓力銷售。

As Bitcoin approaches the $100,000 milestone, market sentiment remains optimistic, with strong on-chain metrics supporting the long-term bullish case.

隨著比特幣接近100,000美元的里程碑，市場情緒仍然樂觀，鏈上指標強烈支持長期看漲案件。

The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

作者或本文中提到的任何人所說的觀點和觀點僅出於信息目的，並且不建立投資，財務或任何其他建議。對加密貨幣資產進行交易或投資具有財務損失的風險。

Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.

奧利維亞·斯蒂芬妮（Olivia Stephanie）是一位金融科技愛好者，對金融市場有敏銳的了解。她對經濟和金融的熱情使她探索了新興的區塊鏈技術和加密貨幣市場。