根据专家预测，比特币 (BTC) 价格可能在 2025 年上涨，但 H&S 模式发出谨慎信号

比特币价格被锁定在 92,000 美元至 102,000 美元的狭窄交易区间内。这样，大多数价格走势都被限制在 10,000 美元区域。

The price of Bitcoin remained largely confined within a narrow trading range of $92,000 to $102,000 this week.

本周比特币的价格基本上仍局限于 92,000 美元至 102,000 美元的狭窄交易区间内。

This limited price action was primarily dictated by the surging yield on the U.S. 30-year Treasury Bond (US30Y), which approached the critical 5% threshold for the first time in two years.

这种有限的价格走势主要是由美国 30 年期国债 (US30Y) 收益率飙升决定的，该债券两年来首次逼近 5% 的关键门槛。

This development brought unease to the crypto market and other financial sectors, as safer assets like the US30Y became more attractive, putting pressure on riskier investments.

这一发展给加密货币市场和其他金融领域带来了不安，因为 US30Y 等更安全的资产变得更具吸引力，给风险较高的投资带来了压力。

As a result, both Bitcoin and Ethereum prices struggled to maintain upward momentum. Despite strong fundamentals, these digital assets remained weighed down by the rising bond yields.

结果，比特币和以太坊价格都难以维持上涨势头。尽管基本面强劲，但这些数字资产仍然受到债券收益率上升的拖累。

However, Bitcoin's price has not fully succumbed to bearish pressure. Throughout the week, strong buying activity helped sustain Bitcoin's price, keeping it above key support levels.

然而，比特币的价格尚未完全屈服于看跌压力。整周，强劲的购买活动帮助维持了比特币的价格，使其保持在关键支撑位之上。

As stated by several analysts at CryptoQuant, Bitcoin’s MVRV ratio suggested the asset has yet to reach its cycle peak. This indicated that the Bitcoin price is in a consolidation phase and could potentially be gearing up for another rally as market momentum builds.

正如 CryptoQuant 的几位分析师所说，比特币的 MVRV 比率表明该资产尚未达到周期峰值。这表明比特币价格正处于盘整阶段，随着市场势头增强，比特币价格可能会准备再次上涨。

This optimism was reflected in a modest 2% uptick in the Bitcoin price, which currently stood at $94,713. The cryptocurrency boasts a market capitalization of $1.87 trillion, commanding a dominant 56.7% sector share. Continue reading.

这种乐观情绪反映在比特币价格小幅上涨 2% 上，目前比特币价格为 94,713 美元。该加密货币的市值为 1.87 万亿美元，占据主导地位 56.7% 的行业份额。继续阅读。

Bitcoin Price Inverse Correlation To US30Y In Depth

比特币价格与 30 美元深度负相关

A glance at the daily charts of the US30Y and Bitcoin revealed a striking inverse correlation, especially during the pivotal Q4 2024 U.S. election period.

浏览一下 US30Y 和比特币的日线图，就会发现它们之间存在惊人的负相关性，尤其是在关键的 2024 年第四季度美国大选期间。

The timeline can be traced back to November 6, when bearish pressure first emerged on the US30Y and the Bitcoin began its parabolic ascent. The BTC price kept surging, and on December 5, this inverse relationship became even more pronounced.

时间线可以追溯到11月6日，当时30年期美元首次出现看跌压力，比特币开始抛物线上涨。 BTC价格持续飙升，到了12月5日，这种反比关系变得更加明显。

The US30Y dropped to 4.325%, while Bitcoin price surged past the $100,000 mark, peaking at $104,000 that day. This marked Bitcoin’s official price high within the inverse dynamic against US30Y.

30 年美元跌至 4.325%，而比特币价格飙升至 10 万美元大关，当天最高达到 104,000 美元。这标志着比特币的官方价格在与 30 美元相反的动态中处于高位。

Following this, the inverse correlation was out of balance for some days as the US30Y started to reverse its fall. However, the Bitcoin price rally didn’t stop; instead, Bitcoin’s rally stretched further. Several optimistic factors pushed Bitcoin to an all-time high of $108,000 by December 17, 2024.

此后，随着30年美元开始扭转跌势，逆相关关系在几天内失去平衡。然而，比特币价格的上涨并没有停止；相反，比特币的涨势进一步扩大。到 2024 年 12 月 17 日，多种乐观因素推动比特币价格升至 108,000 美元的历史新高。

However, the tables turned shortly afterward. As the US30Y reversed its downward trend and broke its November peak of 4.5%, it started a new climb. This resurgence in bond yields coincided with a sharp correction in Bitcoin’s price during the final two weeks of the year as profit-taking intensified.

然而，不久之后形势发生了逆转。随着30年期美元扭转下跌趋势并突破11月份4.5%的高点，开始新一轮攀升。债券收益率的回升与今年最后两周比特币价格因获利回吐加剧而大幅调整同时发生。

The pressure on the Bitcoin price has persisted into 2025. The BTC was still unconscious with the blow driven by the US30Y’s upward trajectory.

比特币价格的压力一直持续到2025年。在30年美元上涨轨迹的推动下，比特币仍然处于昏迷状态。

Can Bitcoin Price Rise In 2025 Based On Experts’ Prediction Or Fall With H&S Pattern?

2025年比特币价格会按照专家预测上涨还是按照H&S模式下跌？

The US30Y was edging closer to a critical threshold, currently at 4.944%. It was just 0.056% away from the symbolic 5% mark. This steep rise in yields has overshadowed the Bitcoin price prospects.

30 年期美元汇率正接近关键阈值，目前为 4.944%。距离象征性的5%大关仅差0.056%。收益率的急剧上升给比特币的价格前景蒙上了阴影。

As long as US30Y climbs, Bitcoin will remain under pressure, struggling to break free from its downward trajectory. Several analysts noted that US30Y may reverse the course and decline.

只要 30 美元上涨，比特币就将继续面临压力，努力摆脱下行轨道。一些分析师指出，30 美元可能会逆转走势并下跌。

If this happens, the Bitcoin price could gain the momentum needed to fulfill bullish predictions from experts like VanEck and Bitwise. They foresee massive gains in the cryptocurrency’s value.

如果这种情况发生，比特币价格可能会获得实现 VanEck 和 Bitwise 等专家的看涨预测所需的动力。他们预计加密货币的价值将大幅上涨。

However, should US30Y breach the 5% barrier, Bitcoin’s price upward potential could be buried, too. Even on the technical front, Bitcoin’s daily price chart revealed a worrying development. Moreover, the Head & Shoulders pattern, a classic bearish indicator, has formed.

然而，如果 30 美元突破 5% 的关口，比特币的价格上涨潜力也可能被埋葬。即使在技术方面，比特币的每日价格图表也显示出令人担忧的发展。此外，经典的看跌指标头肩形态已经形成。

The Bitcoin price is now hovering around the neckline of this pattern, signaling a critical juncture. If US30Y rises sharply again, it could catalyze the token to lose its crucial support at $92,000.

比特币价格目前徘徊在该形态的颈线附近，标志着一个关键时刻。如果US30Y再次大幅上涨，可能会促使该代币失去92,000美元的关键支撑位。

In that condition, such a breakdown could pave the way for a decline toward Bitcoin’s Q1 2024 peak of around $73,000, which could mark a significant retracement.

在这种情况下，这种崩溃可能为比特币跌向 2024 年第一季度 73,000 美元左右的峰值铺平道路，这可能标志着大幅回调。

Despite Strong Bearishness In Bitcoin Price, Crypto Quant Analyst Says Room For More Growth

尽管比特币价格强烈看跌，但加密量化分析师表示还有更多增长空间

CryptoQuant’s latest analysis highlighted Bitcoin’s MVRV 100-day moving average, which currently stood at 2.14. This MVRV ratio is used to identify potential market tops and bottoms by comparing Bitcoin’s market valuation to its

CryptoQuant 的最新分析强调了比特币的 MVRV 100 天移动平均线，目前为 2.14。该 MVRV 比率用于通过将比特币的市场估值与比特币的市场估值进行比较来确定潜在的市场顶部和底部。