普埃尔多次闪烁金十字，比特币 (BTC) 有望上涨 90%

链上数据分析平台 CryptoQuant 标记了一个关键的比特币 (BTC) 指标，该指标表明领先的加密货币可能上涨 90%。

Cryptocurrency analytical platform CryptoQuant has flagged a key metric that suggests a potential 90% rally for Bitcoin (BTC). This analysis comes as the leading cryptocurrency trades steadily in the $91,000 range.

加密货币分析平台 CryptoQuant 标记了一项关键指标，表明比特币 (BTC) 可能上涨 90%。这一分析是在领先的加密货币稳定在 91,000 美元范围内交易之际做出的。

The Bitcoin Puell Multiple Shows Golden Cross

比特币普埃尔多重显示金十字

CryptoQuant analyst Burakkesmeci revealed in a Quicktake post that a rare golden cross has appeared for Bitcoin’s Puell Multiple. According to the analyst, this behavior usually occurs before major price surges, indicating a bullish rally ahead for BTC.

CryptoQuant 分析师 Burakkesmeci 在 Quicktake 帖子中透露，比特币的 Puell Multiple 出现了罕见的黄金交叉。这位分析师表示，这种行为通常发生在价格大幅上涨之前，表明比特币未来将出现看涨反弹。

The Puell Multiple analyzes the relationship between mining revenues and market movements. This metric is calculated as the ratio of the daily value of newly issued Bitcoin (in USD) to its 365-day moving average. Comparing miners’ short-term revenues with long-term averages provides meaningful insights into mining profitability.

普埃尔倍数分析了矿业收入与市场走势之间的关系。该指标的计算方式为新发行的比特币每日价值（以美元计）与其 365 天移动平均值的比率。将矿工的短期收入与长期平均收入进行比较可以提供有关采矿盈利能力的有意义的见解。

Burakkesmeci noted that the Bitcoin Puell Multiple has crossed its 365-day moving average three times over the past five years. On each occasion, BTC initiated a major rally in the succeeding weeks. In March 2019, an 83% surge followed a Puell golden cross. Similarly, January 2020 saw a 113% increase, while the most recent cross in January 2024 provided 76% returns.

Burakkesmeci 指出，比特币 Puell 倍数在过去五年中已三次突破 365 天移动平均线。每一次，比特币都会在接下来的几周内发起大幅反弹。 2019 年 3 月，普埃尔金十字出现后，股价飙升 83%。同样，2020 年 1 月增长了 113%，而最近一次 2024 年 1 月的交叉带来了 76% 的回报。

Interpreting the data, the CryptoQuant analyst said an average increase of about 90% in Bitcoin’s price has historically followed after the Puell settles above its SMA365. The analyst believes favorable macroeconomic conditions like the ongoing rate cut cycle boost the odds of an “inevitable” Bitcoin rally.

CryptoQuant 分析师在解读数据时表示，从历史上看，当 Puell 稳定在 SMA365 上方之后，比特币价格平均上涨约 90%。该分析师认为，有利的宏观经济条件（例如持续的降息周期）增加了比特币“不可避免”上涨的可能性。

A 90% rally at the current market price will see Bitcoin reaching approximately $173,000. BTC trades at $91,679 as of this writing, indicating a 0.5% increase in the last 24 hours. The 24-hour trading volume inked a 21.6% increase to $73.10 billion, indicating continued investor interest.

按当前市场价格计算，如果上涨 90%，比特币将达到约 173,000 美元。截至撰写本文时，BTC 交易价格为 91,679 美元，表明过去 24 小时内上涨了 0.5%。 24 小时交易量增长 21.6% 至 731 亿美元，表明投资者持续感兴趣。

Other Experts’ Opinion on Bitcoin Price

其他专家对比特币价格的看法

So far, BTC has seen an over 40% gain in Q4 2024. Still, several analysts think Bitcoin’s most intense rally lies ahead. The market’s “parabolic phase” has begun, and it is expected to continue for about 300 days before a new macro peak emerges. Locally, anticipation of Bitcoin reaching six figures is on the rise for the first time in history.

到目前为止，BTC 在 2024 年第四季度的涨幅已超过 40%。不过，一些分析师认为，比特币最强劲的反弹即将到来。市场“抛物线阶段”已经开始，预计将持续300天左右，然后才会出现新的宏观峰值。在当地，比特币价格达到六位数的预期在历史上首次上升。

However, there are heightened concerns that retail “FOMO” could cause a large price correction. “Lots of people about to become intimately familiar with the phrase, Fear of Missing Out (FOMO), on this Bitcoin cycle,” Preston Pysh, co-founder of The Investor's Podcast, noted in an X post.

然而，人们更加担心零售业的“FOMO”可能会导致价格大幅调整。 “在这个比特币周期中，很多人都将非常熟悉“害怕错过（FOMO）”这个词，”投资者播客的联合创始人普雷斯顿·皮什（Preston Pysh）在 X 帖子中指出。

Despite this, Pysh believes that Bitcoin will rally over $125,000 this cycle. He said this when asked by a commenter what he thinks about those who claim that Bitcoin's highest point this cycle will be at $125,000.

尽管如此，Pysh 认为比特币本周期将上涨超过 125,000 美元。当一位评论者问他对那些声称比特币本周期最高点将达到 125,000 美元的人有何看法时，他说道。

In a more bullish forecast, Bernstein analysts predict a $200,000 target for Bitcoin by the end of 2025. CNF reported that the prediction is fueled by increased institutional interest, Bitcoin ETFs, and Trump’s crypto-friendly policies.

在更乐观的预测中，Bernstein 分析师预计到 2025 年底，比特币的目标价将达到 20 万美元。CNF 报道称，机构兴趣增加、比特币 ETF 和特朗普的加密友好政策推动了这一预测。

Meanwhile, major corporations like MicroStrategy and Metaplanet are still accumulating Bitcoin at the $90,000 price range. A recent CNF report noted that MicroStrategy revealed intentions to raise $1.75 billion through convertible notes to expand its BTC holdings.

与此同时，MicroStrategy 和 Metaplanet 等大公司仍在以 90,000 美元的价格范围积累比特币。 CNF 最近的一份报告指出，MicroStrategy 透露有意通过可转换票据筹集 17.5 亿美元，以扩大其 BTC 持有量。