比特币 (BTC) 价格预测：迈向 220,000 美元的旅程

尽管在创下超过 108,000 美元的历史高点后大盘下跌，但比特币 [BTC] 已经连续几天保持在 100,000 美元以上的心理水平。

Bitcoin (CRYPTO: BTC) has remained above the psychological level of $100,000 for several days now, despite broader market declines following its all-time high of over $108,000.

比特币（CRYPTO：BTC）已经连续几天保持在 100,000 美元的心理水平之上，尽管在创下超过 108,000 美元的历史高点后大盘下跌。

Over the past week, BTC has struggled to sustain its monthly profitability, posting a modest gain of 0.64%. In the last 24 hours, it recorded a 2.05% increase.

过去一周，BTC 难以维持其月度盈利能力，小幅上涨 0.64%。过去24小时内上涨2.05%。

According to AMBCrypto, these fluctuations could be part of a broader rally, as BTC moves toward establishing new record highs.

据 AMBCrypto 称，随着 BTC 朝着创下新纪录高点迈进，这些波动可能是更广泛反弹的一部分。

Bitcoin was mirroring the historical patterns of its 2017 and 2020 bullish cycles, suggesting a potential market peak at $220,000, according to crypto analyst Ali Chart.

加密货币分析师 Ali Chart 表示，比特币反映了 2017 年和 2020 年牛市周期的历史模式，表明潜在的市场峰值为 22 万美元。

As BTC follows this trajectory, it is expected to encounter three key resistance levels, where selling pressure may arise before resuming its upward momentum.

随着比特币遵循这一轨迹，预计将遇到三个关键阻力位，在恢复上行势头之前可能会出现抛售压力。

The ongoing market decline appears to align with this broader structure, progressing toward these critical zones.

持续的市场下跌似乎与这一更广泛的结构一致，正在向这些关键区域发展。

Ali Chart outlined the potential price milestones:

Ali Chart 概述了潜在的价格里程碑：

“If Bitcoin (BTC) behaves like in 2017 and 2020, there will be a brief correction after reaching $110,000, a steep correction after hitting $125,000, a big correction at $150,000, and the end of the bull market at $220,000!”

“如果比特币（BTC）像2017年和2020年那样，在达到110,000美元后将出现短暂回调，在触及125,000美元后将出现大幅回调，在150,000美元时出现大幅回调，并在220,000美元时结束牛市！”

AMBCrypto analysis indicates that these corrections will likely be influenced by long-term holders, who are currently contributing to BTC’s downward movement.

AMBCrypto 分析表明，这些调整可能会受到长期持有者的影响，他们目前正在导致 BTC 的下跌。

After BTC reached a new high, crossing into the $90,000 range in mid-November, market distribution patterns shifted notably, according to Glassnode.

Glassnode 表示，在 BTC 在 11 月中旬达到新高并突破 90,000 美元区间后，市场分布模式发生了显着变化。

During this period, long-term holders (LTHs) initiated a substantial sell-off, taking profits and driving activity. This sell-off accounted for 54% to 70% of the trading volume, equating to $73–$117 million per hour.

在此期间，长期持有者（LTH）发起大幅抛售、获利了结并推动了活动。此次抛售占交易量的 54% 至 70%，相当于每小时 73 至 1.17 亿美元。

Specifically, a particular market segment has been at the forefront of this profit-making trend.

具体来说，某个特定的细分市场一直处于这种盈利趋势的最前沿。

Upon further analysis, activity is largely driven by BTC holders who have held their positions for 6 to 12 months. Many of this group accumulated during the last market cycle, and their activity has been responsible for the majority of profit-taking in recent weeks.

经过进一步分析，活动主要是由持有头寸 6 至 12 个月的 BTC 持有者推动的。这一群体中的许多人在上一个市场周期中积累了资金，他们的活动导致了最近几周的大部分获利了结。

The Spent Output Profit Ratio (SOPR) for this 6–12 month cohort mirrors patterns observed during the 2015–2018 bull market. At that time, the SOPR remained below 2.5 throughout significant portions of the cycle.

这 6-12 个月组的支出产出利润率 (SOPR) 反映了 2015-2018 年牛市期间观察到的模式。当时，SOPR 在整个周期的大部分时间里都保持在 2.5 以下。

If history repeats itself, BTC could soon enter an exhaustion phase where profit-taking slows and buying activity resumes. This shift would likely lead to a renewed rally in BTC prices, as seen in previous cycles.

如果历史重演，比特币可能很快就会进入耗尽阶段，获利回吐放缓，购买活动恢复。正如之前的周期所示，这种转变可能会导致比特币价格重新上涨。

Profit-taking and exhaustion patterns may persist as BTC hits new price milestones, AMBCrypto notes.

AMBCrypto 指出，随着 BTC 达到新的价格里程碑，获利回吐和耗尽模式可能会持续存在。

These phases are expected to trigger corrective moves before further rallies. Potential price corrections could occur at key levels, including $110,000, $125,000, and $150,000.

预计这些阶段将在进一步反弹之前引发修正走势。潜在的价格调整可能发生在关键水平，包括 110,000 美元、125,000 美元和 150,000 美元。