MVRV Z-Score 显示比特币 (BTC) 周期顶部尚未达到

比特币在过去 24 小时内将回调时间延长至 10 万美元以下。特别是，过去 24 小时内比特币价格的盘整凸显了这一点，领先的加密货币在这段时间内仅下跌了约 0.18%。

Bitcoin's (CRYPTO: BTC) price correction below the $100,000 level continued during the last 24 hours. Specifically, Bitcoin's price consolidated during the last 24 hours, with the leading cryptocurrency down by only about 0.18% during this timeframe.

过去 24 小时内，比特币（CRYPTO：BTC）价格继续回调至 100,000 美元以下。具体来说，比特币的价格在过去 24 小时内盘整，领先的加密货币在这段时间内仅下跌了约 0.18%。

This price correction began on December 17, when Bitcoin faced a strong rejection after hitting $108,135. This notable reversal has left investors questioning whether the rally has lost bullish momentum or if this is only a temporary setback. However, crypto analyst CRYPTO₿IRB has disputed the idea that BTC's cycle top has been reached. According to technical analysis, the MVRV indicator suggests more upside for Bitcoin this cycle.

这次价格调整始于 12 月 17 日，当时比特币在触及 108,135 美元后遭遇强烈拒绝。这一显着的逆转让投资者质疑涨势是否已经失去看涨势头，或者这是否只是暂时的挫折。然而，加密货币分析师 CRYPTO₿IRB 对 BTC 周期顶部已经达到的观点提出了质疑。根据技术分析，MVRV 指标表明比特币本周期有更多上涨空间。

MVRV Z-Score Shows No Signs Of A Cycle Top

MVRV Z 分数显示没有循环顶部的迹象

In his analysis, which was posted on social media platform X, crypto analyst CRYPTO₿IRB highlighted a bullish outlook for the Bitcoin price. Specifically, his outlook is based on the MVRV Z-Score, a metric that compares market value to realized value. The MVRV Z-Score uses standard deviations from historical averages to identify periods when BTC is either undervalued or overvalued. Historically, Bitcoin's market peaks have occurred when the MVRV Z-Score moves above 7.0 and remains at that level for several weeks.

加密货币分析师 CRYPTO₿IRB 在社交媒体平台 X 上发布的分析中强调了比特币价格的看涨前景。具体来说，他的前景基于 MVRV Z 分数，这是一种比较市场价值与实现价值的指标。 MVRV Z 分数使用历史平均值的标准差来确定 BTC 被低估或高估的时期。从历史上看，当 MVRV Z 得分高于 7.0 并保持在该水平数周时，比特币的市场峰值就会出现。

For example, the 2021 bull market peak of $67,700 was marked by an MVRV Z-Score of 7.0. Previous peaks before this in 2018 and 2014 were marked by MVRV Z-Scores ranging from 9 to 10. At its recent peak of $108,135 on December 17, Bitcoin's MVRV Z-Score was only 2.42, suggesting that the cryptocurrency was still far below its historical overheating zone.

例如，2021 年牛市峰值 67,700 美元的 MVRV Z 得分为 7.0。在此之前的 2018 年和 2014 年峰值的 MVRV Z 得分为 9 到 10。在 12 月 17 日达到 108,135 美元的近期峰值时，比特币的 MVRV Z 得分仅为 2.42，这表明该加密货币仍远低于其历史水平过热区。

With this MVRV Z-Score phenomenon in mind, CRYPTO₿IRB noted that BTC is still on track to continue on its upward move this cycle. According to his projection, Bitcoin's price would need to cross $235,000 for the MVRV Z-Score to reach the historical overheated level of 7.0 for market peaks.

考虑到这种 MVRV Z 分数现象，CRYPTO₿IRB 指出，BTC 本周期仍有望继续上涨。根据他的预测，比特币的价格需要突破 235,000 美元，MVRV Z 分数才能达到市场峰值的历史过热水平 7.0。

What The MVRV Z-Score Means For Bitcoin's Current Market Cycle

MVRV Z 分数对比特币当前市场周期意味着什么

The implications of the MVRV Z-Score analysis go beyond Bitcoin's short-term price action. Speaking of short-term price action, BTC could continue on its consolidation below $100,000 into the next few days, though the correction is still within historical norms. The key level to continue watching for support on the shorter timeframes is $92,000.

MVRV Z 得分分析的影响超出了比特币的短期价格走势。说到短期价格走势，比特币可能会在未来几天继续在 10 万美元以下盘整，尽管调整仍在历史正常范围内。继续关注较短时间框架内支撑的关键水平是 92,000 美元。

If the accuracy of the MVRV Z-Score metric holds true, BTC could be in the early stages of its bull cycle rather than nearing its conclusion. This outlook leans more towards the general sentiment among traders, with some Bitcoin price predictions reaching as high as $1 million.

如果 MVRV Z 分数指标的准确性成立，那么 BTC 可能正处于牛市周期的早期阶段，而不是接近结束。这种前景更倾向于交易者的普遍情绪，一些比特币价格预测高达 100 万美元。

At last check, Bitcoin was trading around $97,940. If BTC ultimately reaches the projected $235,000 price target associated with a Z-Score crossing 7.0, this would mark a 140% increase from its current level.

最近一次检查时，比特币交易价格约为 97,940 美元。如果 BTC 最终达到与 Z 分数跨越 7.0 相关的预计价格目标 235,000 美元，这将比当前水平上涨 140%。