到 2025 年底，比特币 [BTC] 的价值可能会翻倍至 20 万美元，原因如下

尽管比特币暂时停留在 9 万至 10 万美元的范围内，但到 2025 年底，其价值可能会翻一番，达到 20 万美元。

Text Version: Despite Being ‘Stuck’ in the $90k Zone, BTC Might Double to Hit $200k by End-2025: Here's How

文本版本：尽管“卡在”9 万美元区域，但 BTC 到 2025 年底可能会翻倍达到 20 万美元：具体方法如下

Despite being temporarily stuck in the $90k-$100k range, Bitcoin [BTC] could double its value to $200k by end-2025. This was a projection made by a pseudonymous market analyst – Stockmoney Lizards.

尽管比特币暂时停留在 9 万至 10 万美元的范围内，但到 2025 年底，其价值可能会翻一番，达到 20 万美元。这是一位匿名市场分析师 Stockmoney Lizards 做出的预测。

Part of his analysis read,

他的部分分析如下：

“We are only half-way to the top…We have not reached the top of the channel yet; no RSI-based top signal has been given either and price is still well above the blue channel after a short retest. Year-end target $200k.”

“我们只到达了山顶的一半……我们还没有到达海峡的顶部；也没有给出基于 RSI 的顶部信号，经过短暂的重新测试后，价格仍然远高于蓝色通道。年终目标 20 万美元。”

The attached chart highlighted historical RSI (red/green arrows) levels, indicating overbought (bearish reversal) and oversold (bullish reversal) conditions correlated to previous BTC cycle tops/bottoms).

所附图表突出显示了历史 RSI（红色/绿色箭头）水平，表明与之前的 BTC 周期顶部/底部相关的超买（看跌逆转）和超卖（看涨逆转）状况。

Based on the same, the RSI hadn’t flagged another bearish reversal (red) signal – A sign that maybe, BTC is still far from topping out.

基于同样的情况，RSI 并未发出另一个看跌反转（红色）信号——这可能表明 BTC 仍远未见顶。

More room for growth?

更多成长空间？

By extension, the aforementioned analysis implied that Bitcoin was undervalued at its press time level. Another valuation model, the True MVRV (Market Value to Realized Value) ratio, confirmed this idea.

推而广之，上述分析表明比特币在发稿时被低估。另一种估值模型，真实 MVRV（市场价值与已实现价值）比率证实了这一想法。

Historically, a True MVRV value of 2 marks local tops while a reading of 4 and above flags cycle tops.

从历史上看，真实 MVRV 值为 2 标志着局部顶部，而读数为 4 及以上则标记循环顶部。

In March and December 2024, BTC's local tops coincided with an MVRV of 2. At press time, the MVRV had declined to 1.7, suggesting enough growth room for BTC on the price charts.

2024 年 3 月和 12 月，BTC 的局部顶部与 MVRV 为 2 一致。截至发稿时，MVRV 已降至 1.7，这表明 BTC 在价格图表上有足够的增长空间。

Similarly, the 200-week MA (moving average), typical for marking the BTC cycle bottom, jumped to $43k. Simply put, the next bear phase could bottom above $40k before triggering another bull run phase.

同样，标志着 BTC 周期底部的典型 200 周 MA（移动平均线）跃升至 4.3 万美元。简而言之，下一个熊市阶段可能会触底至 4 万美元以上，然后触发另一个牛市阶段。

Worth pointing out, however, that the king coin still faces some short-term risks. In fact, according to crypto trading firm QCP Capital, Donald Trump’s presidential inauguration and slow Fed rate cut path expectations could expose BTC to gappy moves.

不过值得指出的是，王币仍面临一些短期风险。事实上，根据加密货币交易公司 QCP Capital 的说法，唐纳德·特朗普的总统就职典礼和美联储缓慢的降息路径预期可能会使 BTC 面临巨大的波动。

Part of its daily market commentary shared on Telegram read,

其在 Telegram 上分享的每日市场评论的部分内容如下：

“Expect heightened volatility before and after the inauguration as markets digest and adjust to a new term under Trump. We maintain cautious of the downside as the $90k level in BTC has been tested numerous times.”

“随着市场消化并适应特朗普的新任期，预计就职前后的波动性将会加剧。我们对下行保持谨慎态度，因为 BTC 的 9 万美元水平已经被多次测试。”