隨著採礦難度創歷史新高，比特幣 (BTC) 價格可能上漲至 12 萬美元

比特幣的挖礦難度最近增加了 6%，達到 101.65 兆的歷史新高，網路哈希率創歷史新高。

Bitcoin mining difficulty recently hit an all-time high of 101.65 trillion, a 6% increase from the previous difficulty. This surge coincides with record hash rates for the Bitcoin network.

比特幣挖礦難度近期創下歷史新高，達101.65兆，較先前難度增加6%。這一激增與比特幣網路的哈希率創歷史新高同時發生。

Meanwhile, a key technical indicator is signaling potential bullishness for Bitcoin, suggesting the possibility of a price rally towards $120,000.

同時，一項關鍵技術指標預示著比特幣的潛在看漲，顯示價格有可能上漲至 12 萬美元。

Bitcoin Price Analysis: Technical Indicator Points to Potential Surges

比特幣價格分析：技術指標顯示潛在的飆升

Fresh data from CoinLupin, a market analyst at on-chain analytics firm CryptoQuant, reveals the price of Bitcoin crossed above the critical psychological level of $75,000 following Donald Trump’s U.S. election victory on November 5.

鏈上分析公司 CryptoQuant 的市場分析師 CoinLupin 的最新數據顯示，在唐納德·川普 11 月 5 日贏得美國大選後，比特幣價格突破了 75,000 美元的關鍵心理水平。

To estimate Bitcoin’s present price, CoinLupin utilizes the Market Value Realized Value (MVRV) indicator, a powerful traditional tool that provides insights into market valuation and potential price trends.

為了估算比特幣的當前價格，CoinLupin 利用市場價值實現價值 (MVRV) 指標，這是一個強大的傳統工具，可提供市場估值和潛在價格趨勢的見解。

According to the analyst, Bitcoin’s MVRV currently stands at 2, indicating that the market's surface value is twice the on-chain estimated value, as the price climbed just above $75,000.

該分析師表示，比特幣的 MVRV 目前為 2，顯示市場表面價值是鏈上估值的兩倍，價格攀升至略高於 75,000 美元。

CoinLupin highlights that the MVRV indicator recently crossed the 365-day average and is now above the 4-year average, which often mirrors Bitcoin’s cycle.

CoinLupin 強調，MVRV 指標最近突破了 365 天平均線，目前高於 4 年平均線，這通常反映了比特幣的週期。

"This suggests that the upward trend remains intact, and generally, the cycle peak tends to occur when the MVRV reaches levels between 3 and 3.6," CoinLupin adds.

CoinLupin 補充說：“這表明上升趨勢保持不變，而且一般來說，當 MVRV 達到 3 到 3.6 之間的水平時，往往會出現週期峰值。”

The analyst claims that a 43-77% increase is critical for the MVRV ratio, assuming the Realized Value (RV) remains constant. When applied to Bitcoin, this translates to a target of $95,000 to $120,000.

分析師聲稱，假設實現價值 (RV) 保持不變，43-77% 的成長對於 MVRV 比率至關重要。當應用於比特幣時，這相當於 95,000 美元至 120,000 美元的目標。

However, the analyst further notes that the RV is expected to rise as the market progresses with fresh demand. Considering previous cycles, he believes a peak may form above these zones.

然而，分析師進一步指出，隨著市場的發展和新的需求，RV 預計將會上升。考慮到先前的周期，他認為這些區域上方可能會形成峰值。

Despite Bitcoin's dramatic increase in the last 12 months, it has barely returned to its average level on the MVRV indicator. However, the upward momentum is still maintained.

儘管比特幣在過去 12 個月大幅上漲，但 MVRV 指標幾乎沒有恢復到平均值。不過，上漲勢頭依然維持。

Bitcoin Mining Difficulty Surges: Impact on Network Strength

比特幣挖礦難度激增：對網路強度的影響

In other news, Bitcoin appears set to enter a bull run cycle for the rest of 2024 and beyond. This is evidenced in Bitcoin’s ability to hit new highs in mining difficulty.

在其他消息中，比特幣似乎將在 2024 年剩餘時間及以後進入牛市週期。比特幣的挖礦難度創下新高的能力就證明了這一點。

To simplify, mining difficulty measures the difficulty of solving the complex cryptographic puzzles used in the mining process.

簡單來說，挖礦難度衡量的是解決挖礦過程中所使用的複雜密碼難題的難度。

This recent surge suggests miners will need to work harder to mine Bitcoin. As a result, only the strongest and most efficient operators in the industry will get involved in securing the network.

最近的比特幣激增表明礦工需要更加努力地開採比特幣。因此，只有業界最強大、最高效的營運商才會參與保護網路安全。

The rising difficulty means miners earn less Bitcoin per unit of computational power invested, leading to thinner profit margins. However, higher difficulty is often considered good news as it helps to strengthen the Bitcoin network.

難度的上升意味著礦工每投入一單位算力賺取的比特幣就會減少，導致利潤率下降。然而，更高的難度通常被認為是好消息，因為它有助於加強比特幣網路。

Beyond the security, the rate of emissions is reduced, fueling scarcity and price surge in the long term.

除了安全之外，排放率也會降低，長期來看會加劇稀缺和價格飆升。

At the time of writing, the BTC price was $76,355, down 0.13% over the last 24 hours. Still, following Trump’s election victory, a Bitcoin target of $120,000 and beyond in the coming weeks seems more likely.

截至撰寫本文時，BTC 價格為 76,355 美元，在過去 24 小時內下跌 0.13%。儘管如此，在川普贏得大選後，比特幣在未來幾週內達到 12 萬美元甚至更高的目標似乎更有可能。