比特幣牛市結束了嗎？

比特幣是市值最大的加密貨幣，最近經歷了價格下跌，於 2025 年 1 月 9 日觸及 92,000 美元左右。

As Bitcoin fell to $92,000 on January 9, 2025, many questioned whether the Bitcoin Bull Run was coming to an end. However, analysts have presented 3 elements that prove the BTC rally is far from over.

隨著比特幣於 2025 年 1 月 9 日跌至 92,000 美元，許多人質疑比特幣牛市是否即將結束。然而，分析師提出了 3 個要素，證明 BTC 的漲勢遠未結束。

After hitting a high of around $96,000 on January 5, 2025, Bitcoin experienced a slight drop in price, hitting around $92,000 on January 9. This drop was influenced by several factors.

比特幣在 2025 年 1 月 5 日觸及 96,000 美元左右的高點後，價格出現小幅下跌，於 1 月 9 日觸及 92,000 美元左右。

These factors include uncertainties surrounding the Federal Reserve’s interest rate cuts and a cautious approach from investors ahead of the inauguration of elected President Donald Trump.

這些因素包括聯準會降息的不確定性以及投資人在當選總統川普就職前的謹慎態度。

However, analysts have stated that this short-term volatility should not be interpreted as a structural market change.

不過，分析師表示，這種短期波動不應被解讀為結構性市場變化。

An anonymous analyst, known as Avocado onchain, indicated that investors should remain strategic and avoid reacting to short-term market noise.

一位名為 Avocado onchain 的匿名分析師表示，投資人應保持策略性，避免對短期市場噪音做出反應。

Furthermore, Mikybull, a crypto trader, noted that none of the market peak indicators have been reached in the current cycle.

此外，加密貨幣交易員 Mikybull 指出，當前週期尚未達到任何市場高峰指標。

This includes metrics such as the Puell Multiple, the RSI-22 days, Bitcoin dominance, and the MVRV ratio.

這包括 Puell Multiple、RSI-22 天、比特幣主導地位和 MVRV 比率等指標。

Moreover, the continued accumulation of Bitcoin by whales reinforces this idea.

此外，鯨魚對比特幣的持續累積也強化了這個想法。

These major market players have recently acquired about $941 million worth of BTC, which is often a precursor to positive market reversals and sustained bullish trends.

這些主要市場參與者最近購買了價值約 9.41 億美元的 BTC，這通常是市場積極逆轉和持續看漲趨勢的先兆。

To the surprise of many, the price of BTC has dropped once again, hitting around $94,000 on January 15, 2025.

令許多人驚訝的是，BTC 的價格再次下跌，於 2025 年 1 月 15 日觸及 94,000 美元左右。

This drop comes after a brief period of stability, where BTC managed to hold above the $95,000 level for a few days.

這次下跌是在短暫的穩定期之後發生的，比特幣在幾天內設法保持在 95,000 美元的水平之上。

However, the Bulls were quick to react, buying up the dip and pushing BTC back to $94,258 at the time of writing.

然而，公牛隊很快就做出反應，逢低買入並將比特幣推回到 94,258 美元。

This buying pressure is likely driven by the optimism surrounding the upcoming halving, which is expected to occur in March 2025.

這種購買壓力可能是由對即將到來的減半（預計將於 2025 年 3 月發生）的樂觀情緒所推動的。

Additionally, the broader market sentiment remains bullish, with many analysts expecting BTC to hit $100,000 before the end of the month.

此外，更廣泛的市場情緒仍然看漲，許多分析師預計 BTC 在本月底前將達到 10 萬美元。

Despite the volatility in the crypto market, BTC’s fundamentals remain strong. The current rise of BTC suggests that the Bull Run is far from over, and any future dip could represent a buying opportunity.

儘管加密貨幣市場波動較大，但比特幣的基本面依然強勁。比特幣目前的上漲表明牛市遠未結束，未來的任何下跌都可能代表買入機會。