比特币 (BTC) 价格预测：绘制通向 100,000 美元的路径

比特币从 92,600 美元反弹并锁定 93,625 美元作为关键支撑位后，目前交易价格接近 95,000 美元。

Bitcoin price analysis: BTC faces challenges in sustaining momentum

比特币价格分析：BTC在维持势头方面面临挑战

Bitcoin price action has been turbulent, with the leading cryptocurrency declining from its all-time high of $108,384 to a recent low of $91,350. This significant drawdown is largely attributed to a key investor cohort stepping back, reducing short-term demand and creating bearish pressure.

比特币的价格走势一直动荡，领先的加密货币从 108,384 美元的历史高点下跌至 91,350 美元的近期低点。这一大幅下跌很大程度上归因于主要投资者群体的退出，减少了短期需求并造成了看跌压力。

Bitcoin investors are pulling back

比特币投资者正在撤退

The Realized Cap by Age metric reveals a concerning trend in Bitcoin’s demand. Short-term demand, represented by the capital received in the last seven days, has plummeted by 66% over the past month. Currently, this hot capital is valued at $32 billion, highlighting a steep reduction in short-term inflows into the market.

按年龄划分的已实现上限指标揭示了比特币需求的令人担忧的趋势。以过去 7 天收到的资金为代表的短期需求在过去一个月暴跌了 66%。目前，这笔热门资金的估值为 320 亿美元，突显出流入市场的短期资金急剧减少。

This drop is critical, as it highlights diminishing confidence among short-term participants, often a driving force in Bitcoin’s momentum. The lack of new capital inflows from these investors reflects growing skepticism and contributes to Bitcoin’s struggle to maintain support above key levels.

这次下跌至关重要，因为它凸显了短期参与者信心的减弱，而短期参与者通常是比特币势头的推动力。这些投资者缺乏新的资本流入，反映出人们越来越怀疑，并导致比特币难以将支撑维持在关键水平之上。

Bitcoin’s macro momentum further supports the bearish outlook, with exchange volume momentum nearing a critical bearish crossover. The 30-day moving average is on the verge of slipping below the 365-day moving average, signaling sustained weakness in capital inflows.

比特币的宏观势头进一步支撑了看跌前景，交易量势头接近关键的看跌交叉点。 30日移动均线即将跌破365日移动均线，表明资本流入持续疲软。

Short-term holders, known for their aggressive buying and selling patterns, are now pulling back. Their reduced activity mirrors the current slowdown in demand and adds to concerns about Bitcoin’s ability to recover in the short term. This group’s cautious approach could hinder Bitcoin’s path to reclaiming higher price levels.

以激进的买卖模式而闻名的短期持有者现在正在撤资。他们的活动减少反映了当前需求的放缓，并加剧了人们对比特币短期复苏能力的担忧。该组织的谨慎态度可能会阻碍比特币恢复更高价格水平的道路。

BTC price prediction: Charting a path to $100,000

BTC 价格预测：绘制通往 100,000 美元的路径

Bitcoin is currently trading near $95,000 after recovering from $92,600 and securing $93,625 as a key support level. However, the cryptocurrency faces challenges in sustaining this momentum amid declining short-term demand and bearish macro indicators.

比特币从 92,600 美元反弹并锁定 93,625 美元作为关键支撑位后，目前交易价格接近 95,000 美元。然而，在短期需求下降和宏观指标看跌的情况下，加密货币面临着维持这一势头的挑战。

If these factors persist, Bitcoin could lose the $93,625 support again, leading to a potential drop to $89,800. Such a decline would further deepen the drawdown, testing the resolve of long-term holders.

如果这些因素持续存在，比特币可能会再次失去 93,625 美元的支撑，导致可能跌至 89,800 美元。这样的下跌将进一步加深回撤，考验长期持有者的决心。

On the other hand, Bitcoin’s immediate goal is to breach the $95,668 resistance level. Turning this resistance into support could provide the boost necessary for Bitcoin to reclaim $100,000. Achieving this milestone would invalidate the current bearish outlook and reignite optimism among investors.

另一方面，比特币的近期目标是突破 95,668 美元的阻力位。将这种阻力转化为支撑可能会为比特币重回 10 万美元提供必要的推动力。实现这一里程碑将使当前的悲观前景失效，并重新点燃投资者的乐观情绪。