比特币（BTC）的历史牛周期仍然完好无损

尽管投资者广泛担心当前的纠正，但这可能只是下一个领先之前的暂时“震动”

Crypto market analysts believe that Bitcoin's historic bull cycle is still intact, despite widespread investor fear over the current correction, which may only be a temporary "shakeout" ahead of the next leg up.

加密市场分析师认为，尽管投资者普遍担心当前的纠正措施，但比特币的历史性牛周期仍然完好无损，这可能只是下一个领先的临时“震动”。

Bitcoin's (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump's inauguration, according to CoinGecko.

根据Coingecko的说法，比特币（BTC）的价格目前比其历史最高高点下跌了22％，该高点在1月20日（美国总统唐纳德·特朗普就职典礼当天记录的109,000美元）下跌。

Despite investor sentiment dropping into "Extreme Fear" multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.

尽管投资者的情绪多次陷入“极端恐惧”，但历史图表模式表明，这可能只是价格上涨，这是由于多个投资者退出头寸而引起的突然价格下跌，此前是突然的价格恢复。

"Several key technical indicators have turned bearish, leading to speculation that the bull cycle may be ending prematurely," Bitfinex analysts told Chainwire.

Bitfinex分析师告诉Chainwire：“几个关键的技术指标变成了看跌，导致人们猜测牛周期可能会过早结束。”

"However, the launch of the US spot Bitcoin exchange-traded funds (ETFs), which temporarily surpassed $125 billion in cumulative holdings, along with the growing institutional crypto investments make it clear that the conventional cycle ceases to exist."

“但是，美国现货比特币交易所贸易资金（ETF）暂时超过了1,250亿美元的累积持有量，而机构加密货币投资不断增长，这清楚地表明，常规周期的存在已经不复存在。”

In an optimistic sign for price action, Bitcoin staged a daily close above $84,000 on March 15, for the first time in over a week since March 8, according to TradingView data.

根据TradingView Data的数据，在3月15日，比特币在3月15日以来的每日售价超过84,000美元，这是3月8日以来的第一次，比特币在3月8日以上的$ 84,000上演。

However, due to Bitcoin's correlation with traditional financial markets, BTC may only find a bottom along with equity markets, particularly the S&P 500, said Bitfinex analysts.

但是，由于比特币与传统金融市场的相关性，BTC可能只会与股票市场（尤其是标准普尔500标准普尔500号）一起找到底部。

"Trade wars have already been priced in, to some extent, but prolonged economic strain could weigh on sentiment."

“在某种程度上，贸易战已经被定价，但长期的经济压力可能会对情绪产生影响。”

Bitcoin halving and four-year cycle still crucial for price action: Nexo analyst

比特币减半和四年周期仍然对价格行动至关重要：Nexo分析师

Despite fears over a disrupted Bitcoin bull market, the four-year cycle, along with the Bitcoin halving event, remain crucial for Bitcoin's price action, according to Iliya Kalchev, dispatch analyst at Nexo digital asset investment platform.

Nexo Digital Asset Investment Platform的Dispatch分析师Iliya Kalchev表示，尽管担心比特币牛市的破坏性牛市市场，但对比特币减半活动，对比特币的价格行动仍然至关重要。

"Bitcoin's four-year compound annual growth rate (CAGR) has declined to a record low of 8%, posing questions about whether its traditional four-year cycle remains valid," Kalchev said.

卡尔切夫说：“比特币的四年复合年增长率（CAGR）下降到创纪录的8％，提出了有关其传统四年周期是否有效的问题。”

The 2024 Bitcoin halving reduced the Bitcoin network's block reward to 3.125 BTC per block.

2024比特币减半将比特币网络的块奖励降低到每个街区的3.125 BTC。

Bitcoin price is up over 31% since the last halving occurred on April 20, 2024, which was coined the "most bullish" setup for Bitcoin price, partly because of the growing institutional interest in the world's first cryptocurrency.

自2024年4月20日上一次减半以来，比特币价格上涨了31％，这是比特币价格的“最看涨”设置，部分原因是世界上第一个加密货币的机构兴趣日益增长。