比特币（BTC）转向看涨，飙升3.66％，并收回20天EMA

经过几天的不确定性，比特币在过去的24小时内变成看涨，飙升了3.66％，每天的高点为87,443.27美元。

After days of uncertainty, Bitcoin has turned bullish in the past 24 hours, surging by 3.66% and hitting a daily high of $87,443.27. The leading digital asset has also reclaimed the crucial 20-day EMA ($85,703) and is currently testing this level as support, according to CoinMarketCap.

经过几天的不确定性，比特币在过去的24小时内变成看涨，飙升了3.66％，每天的高点为87,443.27美元。根据CoinMarketCap的数据，领先的数字资产还收回了至关重要的20天EMA（85,703美元），目前正在测试此水平作为支持。

However, Fibonacci retracement levels indicate key resistance areas, with the 1.618 level at $85,939 acting as a crucial pivot point. If BTC can hold above this level, the next targets would be the 2.618 ($88,023), 3.618 ($90,107), and 4.236 ($91,395) extensions.

然而，斐波那契回曲水平表明关键阻力区域，1.618级别为85,939美元，充当至关重要的枢轴点。如果BTC能够超过此级别，那么下一个目标将是2.618（$ 88,023），3.618（$ 90,107）和4.236（$ 91,395）的扩展名。

At the same time, the MACD indicator suggests that bullish momentum may be slowing down, as the histogram bars have started shrinking.

同时，MACD指标表明，随着直方图开始缩小，看涨的动量可能会放慢速度。

If Bitcoin faces rejection at these resistance zones, a pullback to the 0.618 ($83,858) or 0.786 ($84,205) Fibonacci levels could be possible before the next leg up.

如果比特币面临这些阻力区域的拒绝，则可以在下一条腿上升至0.618（$ 83,858）或0.786（$ 84,205）斐波那契水平。

Why BTC May Continue to Rise

为什么BTC可能会继续上升

Experts believe one of the key reasons Bitcoin may continue to rise is its relationship with the M2 money supply.

专家认为，比特币可能会继续上升的关键原因之一是它与M2货币供应的关系。

The M2 money supplies the total amount of money in circulation, including cash, checking deposits, and easily accessible savings. Historically, Bitcoin price has shown a strong correlation with the expansion of M2.

M2资金提供流通的总金额，包括现金，支票存款和易于获得的储蓄。从历史上看，比特币价格与M2的扩展有很强的相关性。

The idea is that as more liquidity is injected into the economy, the value of scarce assets like Bitcoin tends to rise at an accelerated rate.

这个想法是，随着更多的流动性被注入经济中，像比特币这样的稀缺资产的价值往往会以加速的速度上升。

Because of this correlation, even a modest 10% increase in M2 liquidity could potentially more than double Bitcoin’s price.

由于这种相关性，即使是M2流动性的10％也可能超过双比特币的价格。

This effect is due to a phenomenon known as power-law leverage, which means that Bitcoin’s price reacts disproportionately to changes in available liquidity.

这种效果是由于一种称为幂律杠杆的现象，这意味着比特币的价格对可用流动性的变化不成比例地反应。

On the other hand, BitMEX’s Arthur Hayes feels that Bitcoin’s recent drop to $77,000 may have marked a bottom.

另一方面，Bitmex的亚瑟·海斯（Arthur Hayes）认为比特币最近跌至77,000美元可能标志着底部。

He attributes the potential for renewed bullish momentum to the conclusion of quantitative tightening (QT) by April 1 and the possibility of renewed quantitative easing (QE) or exemptions to the Supplementary Leverage Ratio (SLR).

他将重新看涨势头的潜力归因于4月1日的定量拧紧（QT）的结论，以及更新定量宽松（QE）或豁免的可能性与补充杠杆比率（SLR）。

Meanwhile, Strategy’s Michael Saylor remains steadfastly bullish, claiming that investors only have a couple of days left to buy Bitcoin (BTC) for under $100,000, “and then you will never see five-figure Bitcoin again”.

同时，策略的迈克尔·塞勒（Michael Saylor）仍然坚定不移地看涨，声称投资者只剩下几天的时间购买比特币（BTC），以不到100,000美元的价格购买比特币（BTC），“然后您再也看不到五位数的比特币了。”