比特幣 (BTC) 週蠟燭收在牛旗頂部之上，與 2021 年 11 月上一次牛市的歷史高點持平

由於市場可能會在年底看到比特幣價格大幅上漲，因此對比特幣的需求持續成長

The price of Bitcoin (BTC) closed the weekly candle at a price of $69,000, which is higher than the top of its bull flag, and on par with the all-time high of the previous bull market in November 2021. This excellent close could inspire the bulls to push the $BTC price higher over the course of this week.

比特幣 (BTC) 的周蠟燭收盤價為 69,000 美元，高於牛旗頂部，與 2021 年 11 月上一次牛市的歷史高點持平。

Institutions continue to buy massive amounts of BTC

機構持續大量購買BTC

The demand for Bitcoin is continuing to grow as the market is potentially seeing much higher $BTC prices going into the end of the year, especially with the U.S. Federal Reserve looking to make further rate cuts.

對比特幣的需求持續增長，因為市場可能會在年底看到比特幣價格大幅上漲，特別是在聯準會尋求進一步降息的情況下。

This demand appears to be led by institutional buying, which has been absolutely huge over the last six days of trading among the U.S. Spot Bitcoin ETFs. Those six days have seen a total net inflow of 36.58K BTC, which equates to more than $2.5 billion.

這種需求似乎是由機構購買主導的，在過去六天的美國現貨比特幣 ETF 交易中，機構購買絕對是巨大的。這六天的比特幣淨流入總額為 36,580 萬美元，相當於超過 25 億美元。

Bitcoin to be banned or taxed?

比特幣將被禁止或徵稅？

With all this said, a research paper was recently published from the Minneapolis Fed and the University of Minnesota, which urged U.S. authorities to either ban, or tax Bitcoin.

儘管如此，明尼阿波利斯聯邦儲備銀行和明尼蘇達大學最近發表了一篇研究論文，敦促美國當局禁止比特幣或對比特幣徵稅。

The paper’s authors claim that the U.S. government needs to continue to run a “permanent primary deficit”, but that this can only be achieved where markets are “incomplete” and consumers are “risk-averse”.

該論文的作者聲稱，美國政府需要繼續維持“永久性的基本赤字”，但這只能在市場“不完整”且消費者“規避風險”的情況下實現。

The paper explains that Bitcoin complicates this strategy, and although the authors are contemptuous of Bitcoin, in that they state in the paper that it is a “useless piece of paper”, they also argue that its presence forces the government to balance its budget.

該論文解釋說，比特幣使這一策略變得複雜，儘管作者鄙視比特幣，因為他們在論文中指出它是“一張無用的紙”，但他們也認為它的存在迫使政府平衡其預算。

Short term roll over of BTC price

BTC價格短期展期

For the short term Bitcoin price, it can be seen that $BTC is starting to roll over after attaining a price of $69,500. If the price does lead into a small correctional phase, the Fibonacci level of 0.236 is just below at a price of $67,000. That said, the price might be expected to sink further and confirm the top trendline of the bull flag. This converges with the 0.382 Fibonacci, and should the price bounce from there this could be considered very bullish.

就短期比特幣價格而言，可以看出，BTC 在達到 69,500 美元的價格後開始滾動。如果價格確實進入小幅調整階段，斐波那契水準 0.236 就略低於 67,000 美元的價格。也就是說，價格可能會進一步下跌並確認牛旗的頂部趨勢線。該值與 0.382 斐波那契值收斂，如果價格從該值反彈，則可被視為非常看漲。

If the price does go this route, this would also enable the short term time frame Stochastic RSIs to reset to the bottom, which would provide upside momentum once the price swings back up again.

如果價格確實沿著這條路線走，這也將使短期時間框架隨機 RSI 重置至底部，一旦價格再次回升，這將提供上行動力。

Macro encouraging picture for BTC

BTC 的宏觀前景令人鼓舞

The weekly time frame displays a very encouraging picture for Bitcoin. It can be seen that the price is currently sitting on a strong horizontal support at $68,300. If the price does fall below this, the horizontal support at $66,600, and the top of the bull flag, await below.

每週的時間框架顯示了比特幣非常令人鼓舞的景象。可以看出，價格目前位於 68,300 美元的強勁水平支撐位。如果價格確實跌破此水平，則在下方等待 66,600 美元的水平支撐位和牛旗頂部。

Towards the bottom of the chart, the Stochastic RSI has the indicators angled nicely upward, while the RSI at the bottom looks to be in the process of reversing the downward trend.

在圖表的底部，隨機 RSI 指標的角度很好地向上，而底部的 RSI 看起來正在扭轉下降趨勢。

All looks well, and if republican presidential candidate Donald Trump can continue to widen the gap between him and democrat Kamala Harris going into the US elections in two weeks time, the scene could be set for some explosive price action from Bitcoin going into the end of the year.

一切看起來都不錯，如果共和黨總統候選人唐納德·川普能夠在兩週後的美國大選中繼續擴大他與民主黨人卡馬拉·哈里斯之間的差距，那麼比特幣可能會在年底出現一些爆炸性的價格走勢。