比特幣（BTC）價格以優柔寡斷的方式關閉

由於短期持有人與長期投資者衝突，比特幣（BTC）價格以優柔寡斷的方式結束了3月。即將從美國的互惠關稅

The price of Bitcoin (BTC) closed March in an indecisive manner, as short-term holders conflicted with long-term investors. The upcoming reciprocal tariffs from the United States (US) this week have caused mixed reactions from global investors amid concerns of a possible US recession.

由於短期持有人與長期投資者衝突，比特幣（BTC）的價格以優柔寡斷的方式結束。本周美國（美國）即將到來的互惠關稅引起了全球投資者的不同，因為人們擔心美國衰退。

As the second quarter of 2025 begins, much of crypto investors’ attention has shifted to an anticipated correlation between Bitcoin and Gold (XAU).

隨著2025年第二季度開始，加密投資者的大部分注意力都轉移到了比特幣與黃金（XAU）之間的預期相關性。

According to Ben Lilly, a crypto analyst at Benzinga, there is a strong correlation between Bitcoin and Gold, especially when considering the broader market trends.

Benzinga的加密分析師Ben Lilly認為，比特幣和黃金之間存在很強的相關性，尤其是在考慮更廣泛的市場趨勢時。

"I think a lot of people are looking at Gold and expecting some correlation to carry over to Bitcoin," Lilly noted.

莉莉指出：“我認為很多人都在看黃金，並期望有一些相關性可以延續到比特幣上。”

Gold price recorded palpable gains since December whilst BTC price and the wider altcoin market were trapped in bearish sentiment.

自12月以來，黃金價格記錄了明顯的收益，而BTC的價格和更廣泛的山寨幣市場被困住了。

Is the 2025 Bitcoin Rally Over?

2025比特幣集會結束了嗎？

According to Quinn Thompson, founder of crypto hedge fund Lekker Capital, Bitcoin price is signaling a potential correction below $60k. Thompson predicts that Bitcoin price will be trapped in a bearish environment akin to the 2022 market outlook.

根據加密對沖基金Lekker Capital的創始人Quinn Thompson的說法，比特幣價格表明潛在的更正低於$ 60K。湯普森（Thompson）預測，比特幣價格將被困在類似於2022市場前景的看跌環境中。

“I could see us going back to a five handle by the end of the year,” Thompson noted.

湯普森指出：“到今年年底，我可以看到我們回到五個手柄。”

According to Thompson, the recent announcement from the White House on the creation of a strategic BTC reserve and regulatory framework from Congress is a sell-the-news event.

根據湯普森的說法，白宮最近的宣布關於創建戰略性BTC預備役和國會監管框架的消息是賣出的活動。

“I don’t think it happens quickly, which is why it would be very painful and shocking to people because nothing about the current market conditions is very volatile, with big liquidations and crashes. It’s this sort of different market environment, a slow grind down that is almost more unbearable for people because they’re like, ‘Is it over? Is the bottom in?” Thompson added.

“我認為它不會很快發生，這就是為什麼人們對當前市場條件的任何一無所知，因為沒有大量清算和崩潰。這是這種不同的市場環境，這種慢速的磨損幾乎對人們來說是更難以忍受的，因為他們喜歡，'是嗎？''是嗎？”湯普森補充說。

Considering the diminishing returns for Bitcoin over the years, technical analysis suggests a potential parabolic rally before the end of this year. Moreover, Bitcoin’s monthly Relative Strength Index (RSI) has not yet reached a peak of 90 in the past year as observed during the previous three major bull markets.

考慮到多年來比特幣的回報率降低，技術分析表明，今年年底之前進行了潛在的拋物線集會。此外，在過去的三個主要牛市上觀察到的，比特幣的每月相對強度指數（RSI）尚未達到90的峰值。

Additionally, long-term investors, led by Strategy (formerly MicroStrategy), have continued to accumulate more Bitcoins to hedge against inflation and market uncertainty.

此外，由戰略（以前是微型流通）領導的長期投資者繼續積累更多的比特幣，以對沖通貨膨脹和市場不確定性。