比特币（BTC）市场没有过热，并且可能会经历进一步的增长 - 分析师

加密分析师Axel Adler Jr.根据调整后的未实现的盈利/损失（ANUPL）指标提供了有关比特币（BTC）市场现状的一些见解。

renowned crypto analyst has shared his insights on the current state of the Bitcoin (BTC) market, using the adjusted Net Unrealized Profit/Loss (aNUPL) indicator to gauge market sentiment and potential price movements.

著名的加密分析师使用调整后的未实现的盈利/损失（ANUPL）指标分享了他对比特币（BTC）市场现状的见解，以衡量市场的情感和潜在的价格变动。

According to the analyst, Bitcoin’s aNUPL is currently at 0.4, which indicates that investors are sitting on a substantial amount of unrealized gains. This level of market optimism is considered healthy and sustainable, especially given that Bitcoin has been rallying since September 2024, forming a strong bullish structure.

根据分析师的说法，比特币的Anupl目前为0.4，这表明投资者坐在大量未实现的收益上。这种市场乐观水平被认为是健康和可持续的，尤其是考虑到比特币自2024年9月以来一直在集会，形成了强大的看涨结构。

However, an aNUPL of 0.4 is still significantly lower than the peak levels of 0.7-0.8 observed during the previous bull cycles in 2017 and 2021, which typically coincides with investor euphoria and an overheated market. Based on these observations, the analyst concludes that the Bitcoin market is not yet showing signs of exuberance.

然而，在2017年和2021年的上一个牛周期中观察到的0.4的ANUPL仍然明显低于0.7-0.8的峰值水平，这通常与投资者Euphoria和过热的市场相吻合。基于这些观察结果，分析师得出结论，比特币市场尚未显示出旺盛的迹象。

BTC Price Poised For More Growth?

BTC价格有望增长？

A glance at Bitcoin’s daily chart shows that the asset’s price hovered around $100,824 at the time of writing, after a 1.72% decrease over the past day. The Relative Strength Index for BTC stood at 50.43, suggesting that the asset could still handle higher prices before entering the overbought zone, which aligns with the analyst’s bullish outlook.

一眼比特币的每日图表表明，在撰写本文时，资产的价格徘徊在100,824美元左右，过去一天下降了1.72％。 BTC的相对强度指数为50.43，这表明该资产在进入过失的区域之前仍可以处理更高的价格，这与分析师的看涨前景相吻合。

This positive projection is further supported by the 100-day simple moving average, which remained well below Bitcoin’s price in a classic bullish indicator. In terms of price barriers, Bitcoin faces psychological resistance at the $106,000 price zone, breaking through which could lead to a continuation of the rally towards its current all-time high at $109,114.

100天简单的移动平均线进一步支持了这一积极的预测，在经典的看涨指标中，该平均值远低于比特币的价格。在价格障碍方面，比特币在106,000美元的价格区域面临心理阻力，这可能会导致集会延续其目前的历史最高高点，为109,114美元。

However, another rejection at $106,000 would keep the premier cryptocurrency stuck in a consolidation phase that has characterized the past two weeks.

但是，另一项拒绝为106,000美元，将使总理加密货币陷入过去的两周的整合阶段。

Overall, the long-term outlook for Bitcoin remains bullish, with investors expecting the asset to reach new highs, driven by historical data and the Trump administration’s crypto-friendly stance. Before the bull run concludes, some analysts predict that BTC will trade between $150,000 – $350,000.

总体而言，比特币的长期前景仍然看涨，投资者期望资产在历史数据和特朗普政府对加密货币友好的立场的推动下达到新的高位。在公牛比赛结束之前，一些分析师预测，BTC将在150,000美元至35万美元之间进行交易。

Featured image from Unsplash, chart from Tradingview

来自Unsplash的特色图像，TradingView的图表