随着采矿难度创历史新高，比特币 (BTC) 价格可能上涨至 120,000 美元

比特币的挖矿难度最近增加了 6%，达到 101.65 万亿的历史新高，网络哈希率创历史新高。

Bitcoin mining difficulty recently hit an all-time high of 101.65 trillion, a 6% increase from the previous difficulty. This surge coincides with record hash rates for the Bitcoin network.

比特币挖矿难度近期创下历史新高，达到101.65万亿，较此前难度增加6%。这一激增与比特币网络的哈希率创历史新高同时发生。

Meanwhile, a key technical indicator is signaling potential bullishness for Bitcoin, suggesting the possibility of a price rally towards $120,000.

与此同时，一项关键技术指标预示着比特币的潜在看涨，表明价格有可能上涨至 120,000 美元。

Bitcoin Price Analysis: Technical Indicator Points to Potential Surges

比特币价格分析：技术指标表明潜在的飙升

Fresh data from CoinLupin, a market analyst at on-chain analytics firm CryptoQuant, reveals the price of Bitcoin crossed above the critical psychological level of $75,000 following Donald Trump’s U.S. election victory on November 5.

链上分析公司 CryptoQuant 的市场分析师 CoinLupin 的最新数据显示，在唐纳德·特朗普 11 月 5 日赢得美国大选后，比特币价格突破了 75,000 美元的关键心理水平。

To estimate Bitcoin’s present price, CoinLupin utilizes the Market Value Realized Value (MVRV) indicator, a powerful traditional tool that provides insights into market valuation and potential price trends.

为了估算比特币的当前价格，CoinLupin 利用市场价值实现价值 (MVRV) 指标，这是一种强大的传统工具，可以提供对市场估值和潜在价格趋势的见解。

According to the analyst, Bitcoin’s MVRV currently stands at 2, indicating that the market's surface value is twice the on-chain estimated value, as the price climbed just above $75,000.

该分析师表示，比特币的 MVRV 目前为 2，表明市场表面价值是链上估值的两倍，价格攀升至略高于 75,000 美元。

CoinLupin highlights that the MVRV indicator recently crossed the 365-day average and is now above the 4-year average, which often mirrors Bitcoin’s cycle.

CoinLupin 强调，MVRV 指标最近突破了 365 天平均线，目前高于 4 年平均线，这通常反映了比特币的周期。

"This suggests that the upward trend remains intact, and generally, the cycle peak tends to occur when the MVRV reaches levels between 3 and 3.6," CoinLupin adds.

CoinLupin 补充道：“这表明上升趋势保持不变，而且一般来说，当 MVRV 达到 3 到 3.6 之间的水平时，往往会出现周期峰值。”

The analyst claims that a 43-77% increase is critical for the MVRV ratio, assuming the Realized Value (RV) remains constant. When applied to Bitcoin, this translates to a target of $95,000 to $120,000.

分析师声称，假设实现价值 (RV) 保持不变，43-77% 的增长对于 MVRV 比率至关重要。当应用于比特币时，这相当于 95,000 美元至 120,000 美元的目标。

However, the analyst further notes that the RV is expected to rise as the market progresses with fresh demand. Considering previous cycles, he believes a peak may form above these zones.

然而，分析师进一步指出，随着市场的发展和新的需求，RV 预计将会上升。考虑到之前的周期，他认为这些区域上方可能会形成峰值。

Despite Bitcoin's dramatic increase in the last 12 months, it has barely returned to its average level on the MVRV indicator. However, the upward momentum is still maintained.

尽管比特币在过去 12 个月里大幅上涨，但 MVRV 指标几乎没有恢复到平均水平。不过，上涨势头依然保持。

Bitcoin Mining Difficulty Surges: Impact on Network Strength

比特币挖矿难度激增：对网络强度的影响

In other news, Bitcoin appears set to enter a bull run cycle for the rest of 2024 and beyond. This is evidenced in Bitcoin’s ability to hit new highs in mining difficulty.

在其他消息中，比特币似乎将在 2024 年剩余时间及以后进入牛市周期。比特币的挖矿难度创下新高的能力就证明了这一点。

To simplify, mining difficulty measures the difficulty of solving the complex cryptographic puzzles used in the mining process.

简而言之，挖矿难度衡量的是解决挖矿过程中使用的复杂密码难题的难度。

This recent surge suggests miners will need to work harder to mine Bitcoin. As a result, only the strongest and most efficient operators in the industry will get involved in securing the network.

最近的比特币激增表明矿工需要更加努力地开采比特币。因此，只有业内最强大、最高效的运营商才会参与保护网络安全。

The rising difficulty means miners earn less Bitcoin per unit of computational power invested, leading to thinner profit margins. However, higher difficulty is often considered good news as it helps to strengthen the Bitcoin network.

难度的上升意味着矿工每投入一单位算力赚取的比特币就会减少，从而导致利润率下降。然而，更高的难度通常被认为是好消息，因为它有助于加强比特币网络。

Beyond the security, the rate of emissions is reduced, fueling scarcity and price surge in the long term.

除了安全之外，排放率也会降低，从长远来看会加剧稀缺和价格飙升。

At the time of writing, the BTC price was $76,355, down 0.13% over the last 24 hours. Still, following Trump’s election victory, a Bitcoin target of $120,000 and beyond in the coming weeks seems more likely.

截至撰写本文时，BTC 价格为 76,355 美元，在过去 24 小时内下跌 0.13%。尽管如此，在特朗普赢得大选后，比特币在未来几周内达到 12 万美元甚至更高的目标似乎更有可能。