由于抛售压力加大，比特币（BTC）投资者对持续上涨趋势表示怀疑

对于许多投资者来说，2025 年对于更广泛的加密市场来说似乎是极其乐观的一年。但在第一天，比特币（BTC）面临着激烈的

After a strong rally in 2024, crypto investors might have anticipated a bullish 2025. However, on the first day of the year, BTC faced selling pressure from day one. This raised concerns about the flagship cryptocurrency’s ability to break above $95,000.

在 2024 年的强劲反弹之后，加密货币投资者可能预计 2025 年会看涨。然而，在今年的第一天，BTC 从第一天起就面临抛售压力。这引发了人们对旗舰加密货币能否突破 95,000 美元的担忧。

In this analysis, BeInCrypto examines Bitcoin’s short-term price outlook using key indicators.

在本次分析中，BeInCrypto 使用关键指标审视了比特币的短期价格前景。

Bitcoin Investors Put Sustained Uptrend in DoubtAfter the US elections in November 2024, the Bitcoin Coinbase Premium Index soared to 0.14. The Coinbase Premium Index indicates whether there is strong buying pressure among US investors or whether they are selling in large volumes.

比特币投资者对持续上涨趋势存疑 2024 年 11 月美国大选后，比特币 Coinbase 溢价指数飙升至 0.14。 Coinbase 溢价指数表明美国投资者是否存在强劲的购买压力或是否大量抛售。

High values, like those in November, indicate strong selling pressure. However, as of this writing, the index has dropped to -0.22, which is the lowest level in the last 12 months. This drastic decline indicates that Bitcoin investors in the US are selling their assets.

像 11 月份那样的高值表明抛售压力很大。然而，截至撰写本文时，该指数已跌至-0.22，这是过去12个月以来的最低水平。这种大幅下跌表明美国的比特币投资者正在出售其资产。

Meanwhile, BTC trades at $95,318, up by a mild 2.06% in the last 24 hours. However, if these investors continue to sell their BTC, this trend might change, leading to a lower price for the cryptocurrency.

与此同时，BTC 交易价格为 95,318 美元，在过去 24 小时内小幅上涨 2.06%。然而，如果这些投资者继续出售他们的比特币，这种趋势可能会改变，导致加密货币的价格下跌。

Following this development, crypto analyst Burak Kesmeci noted that it could become difficult for the Bitcoin price to climb.

随着这一发展，加密货币分析师 Burak Kesmeci 指出，比特币价格可能难以攀升。

“Such trends can create a challenging environment for Bitcoin’s short-term price recovery unless we see a shift in macroeconomic conditions or renewed interest from institutional or retail buyers,” Kesmeci opined via CryptoQuant.

Kesmeci 通过 CryptoQuant 表示：“除非我们看到宏观经济状况发生变化或机构或散户买家重新燃起兴趣，否则这种趋势可能会给比特币的短期价格复苏带来挑战。”

Another indicator that supports this outlook is the price — Daily Active Addresses (DAA) divergence. This metric measures the relationship between user engagement on a blockchain and the price action.

支持这一前景的另一个指标是价格——每日活跃地址（DAA）差异。该指标衡量区块链上的用户参与度与价格行为之间的关系。

When it is positive, it implies that user participation has improved, which is bullish for the cryptocurrency. On the other hand, a negative reading indicates decreasing user engagement, which is, in turn, bearish.

当它为正时，意味着用户参与度有所提高，这对加密货币有利。另一方面，负面读数表明用户参与度下降，这反过来又是看跌的。

As shown above, Bitcoin’s price DAA divergence is down to 231%, indicating the latter. If this trend persists, the possibility of BTC trading below the $90,000 mark could grow even stronger.

如上图所示，比特币的价格 DAA 背离已降至 231%，表明是后者。如果这种趋势持续下去，比特币跌破 90,000 美元大关的可能性可能会更大。

BTC Price Prediction: Sub-$90,000 Levels Still PossibleEven though BTC has recently seen an increase, the Exponential Moving Average (EMA) suggests that the recent upswing might not last. The EMA is a technical indicator that gauges trend direction relative to the price.

BTC 价格预测：仍有可能低于 90,000 美元水平尽管 BTC 最近有所上涨，但指数移动平均线 (EMA) 表明近期的上涨可能不会持续。 EMA 是衡量相对于价格的趋势方向的技术指标。

When the EMA slopes above the price, the trend is bearish. But when the price is above the indicator, the trend is bullish. As of this writing, BTC is trading below the 20 EMA (blue), indicating that the value of cryptocurrency might continue to decrease.

当 EMA 倾斜于价格上方时，趋势看跌。但当价格高于该指标时，趋势看涨。截至撰写本文时，BTC 的交易价格低于 20 EMA（蓝色），表明加密货币的价值可能会继续下跌。

Should the crypto fail to rise above the 20 EMA and Bitcoin selling pressure increases, then the price might drop to $85,851. However, if US investors contribute to Bitcoin’s buying pressure, this trend might change. In that scenario, the coin’s value might jump to $108,398.

如果加密货币未能升至 20 EMA 以上并且比特币抛售压力增加，那么价格可能会跌至 85,851 美元。然而，如果美国投资者加大比特币的购买压力，这种趋势可能会改变。在这种情况下，代币的价值可能会跃升至 108,398 美元。