比特币（BTC）价格反弹了过去的关键障碍，暗示了向上趋势的开始

比特币价格越过了降落的三角形模式，这表明向上趋势的开始。

Key Insights:

关键见解：

Bitcoin price has bounced back past crucial barriers after it crossed a descending triangle pattern which indicates the beginning of an upward trend. It is currently trading close to $98,400, and experts have suggested the price could push to $115,000 over the near term. On the other hand, exchange holdings have been decreasing massively, and this means that more investors are opting to have long-term investments.

比特币价格越过了降落的三角形模式，这表明向上趋势的开始。目前，它的交易接近98,400美元，专家们建议，在短期内，价格可能会提高到115,000美元。另一方面，交易所持有的股份一直在大幅下降，这意味着越来越多的投资者选择进行长期投资。

Bitcoin’s Technical Breakout Points to Further Gains

比特币的技术突破点可以进一步提高

Coming out of the descending triangle pattern, demand has been aggressive, pushing the price through critical resistance levels. According to the market analyst, currently, Bitcoin is in between accumulation to distribution zones, but the breakout suggests that it will soon enter a more volatile zone.

需求从下降的三角形模式出来，这是积极进取的，从而通过关键阻力水平推动了价格。据市场分析师称，目前的比特币在累积到分销区之间，但突破表明它将很快进入一个更波动的区域。

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The crypto market is currently in a range (unclear distribution vs accumulation), but showing bullish signs with potential upcoming volatility and a long-term target of $115,109.88.

加密市场目前处于范围（不清楚的分销与积累），但显示出具有潜在波动性的看涨迹象，长期目标为115,109.88美元。

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The cryptocurrency is now trading above two crucial support levels $102,853.51 and $96,900 which supports the upside view. The next key resistance level is $108,981.70 following which the Bitcoin price may touch $110,000. A further breakout will drag the price to $115,109.88, which is the long-term target set by market analysts.

现在，加密货币的交易高于两个关键的支持水平，$ 102,853.51和96,900美元，该水平支持上升视图。下一个关键阻力水平为$ 108,981.70，此后比特币价格可能会触及110,000美元。进一步的突破将把价格拖到115,109.88美元，这是市场分析师设定的长期目标。

On-Chain Data Shows Strong Holder Confidence

链上数据表明持有人的信心很强

The number of addresses in profit reached 94% of the indicator, which confirms the desire of buyers who have already made a profit. This indicates that the majority of the investors invested in this instrument at much lower prices which they are now realizing their profits.

利润地址的数量达到了指标的94％，这证实了已经获利的买家的愿望。这表明，大多数投资者以低得多的价格投资于该工具，他们现在已经意识到了自己的利润。

Moreover, the exchange net outflow has hit $432.48 million in the last one week which supports a tendency indicating that more Bitcoin is being withdrawn from the exchange. This usually indicates that the investors have kept their money in private wallets as opposed to fishing for stocks in an attempt to make a sale.

此外，在过去的一周中，交易所净流出已达到4.348亿美元，这支持了一种趋势，表明更多的比特币正在从交易所中撤出。这通常表明投资者将钱保存在私人钱包中，而不是钓鱼以进行销售。

Exchange reserves of Bitcoin decline as its price increases

随着价格上涨，比特币下降的交换储量

One of the factors that support the bullish outlook for Bitcoin is the depletion of exchange reserves. The exchange reserves of Bitcoin, according to CryptoQuant data, are at 2.4 million BTC, which indicates that it was the minimum value in the last few years.

支持比特币前景的因素之一是交换储量的耗竭。根据加密数据，比特币的交换储量为240万BTC，这表明这是过去几年中的最低价值。

This decrease started in mid-2022 when exchange reserves were more than 3.3 million BTC. These flows go further to depict a concern of reduced supply levels as have been known to pull up the prices in the market. This is the major reason why prices of Bitcoins tend to skyrocket as reserves reduce the number of Bitcoins that are easily liquidated in the market.

这种减少始于2022年中期，当时交易所储备超过330万BTC。这些流程进一步描述了人们对供应水平降低的关注，众所周知，它可以提高市场价格。这是比特币价格倾向于飙升的主要原因，因为储量减少了容易在市场上清算的比特币数量。

At the same time, the Bitcoin rate has been steadily growing within the past few days and reached $ 98,400. Such an inverse price recession to exchange reserves indicates that the supply side pressure is now off and allows to reach the further upwards, higher prices.

同时，在过去几天内，比特币率一直在稳步增长，达到98,400美元。交换储备金的这种反价格经济衰退表明，供应侧压力现在已经关闭，并允许进一步的上涨，更高的价格。

Market Condition and Possible Windows of Price Fluctuations

市场状况和可能波动的可能的窗户

Bitcoin’s technical breakout from the falling wedge pattern on the 4-hour chart suggests a continuation of the bullish trend. The price has already gained 1.60%, and indicators like the MACD (Moving Average Convergence Divergence) show strong momentum.

比特币在4小时图表上脱落的楔形模式的技术突破表明，看涨趋势的延续。价格已经上涨1.60％，MACD（移动平均收敛差异）之类的指标表现出强大的动力。

If Bitcoin maintains support above $102,853, analysts expect further gains toward $104,000 – $106,000 in the short term. A successful breach of $110,000 could open the path for $115,000, a key psychological level for traders.

如果比特币的支持保持在102,853美元以上，则分析师预计在短期内将进一步增长到104,000美元至106,000美元。成功违反$ 110,000的损失可能会以115,000美元的价格打开这一道路，这是交易者的关键心理水平。

However, another possible trend is short-term profit chasing and market fluctuations, especially as the majority of investors have already made profits. The traders are paying much attention to exchange flows as the excess could signify pressure selling.

但是，另一个可能的趋势是短期利润追逐和市场波动，尤其是大多数投资者已经赚钱。交易者正在对交换流量进行广泛关注，因为多余的人可能表示压力销售。

As Bitcoin approaches the $100,000 milestone, market sentiment remains optimistic, with strong on-chain metrics supporting the long-term bullish case.

随着比特币接近100,000美元的里程碑，市场情绪仍然乐观，链上指标强烈支持长期看涨案件。

The views and opinions stated by the author or any people named in this article are for informational purposes only, and they do not establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

作者或本文中提到的任何人所说的观点和观点仅出于信息目的，并且不建立投资，财务或任何其他建议。对加密货币资产进行交易或投资具有财务损失的风险。

Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.

奥利维亚·斯蒂芬妮（Olivia Stephanie）是一位金融科技爱好者，对金融市场有敏锐的了解。她对经济和金融的热情使她探索了新兴的区块链技术和加密货币市场。