比特币 (BTC) 周蜡烛收于牛旗顶部之上，与 2021 年 11 月上一次牛市的历史高点持平

由于市场可能会在年底看到比特币价格大幅上涨，因此对比特币的需求持续增长

The price of Bitcoin (BTC) closed the weekly candle at a price of $69,000, which is higher than the top of its bull flag, and on par with the all-time high of the previous bull market in November 2021. This excellent close could inspire the bulls to push the $BTC price higher over the course of this week.

比特币 (BTC) 的周蜡烛收盘价为 69,000 美元，高于牛旗顶部，与 2021 年 11 月上一次牛市的历史高点持平。激励多头在本周推高 BTC 价格。

Institutions continue to buy massive amounts of BTC

机构持续大量购买BTC

The demand for Bitcoin is continuing to grow as the market is potentially seeing much higher $BTC prices going into the end of the year, especially with the U.S. Federal Reserve looking to make further rate cuts.

对比特币的需求持续增长，因为市场可能会在年底看到比特币价格大幅上涨，特别是在美联储寻求进一步降息的情况下。

This demand appears to be led by institutional buying, which has been absolutely huge over the last six days of trading among the U.S. Spot Bitcoin ETFs. Those six days have seen a total net inflow of 36.58K BTC, which equates to more than $2.5 billion.

这种需求似乎是由机构购买主导的，在过去六天的美国现货比特币 ETF 交易中，机构购买绝对是巨大的。这六天的比特币净流入总额为 36580 万美元，相当于超过 25 亿美元。

Bitcoin to be banned or taxed?

比特币将被禁止或征税？

With all this said, a research paper was recently published from the Minneapolis Fed and the University of Minnesota, which urged U.S. authorities to either ban, or tax Bitcoin.

尽管如此，明尼阿波利斯联储和明尼苏达大学最近发表了一篇研究论文，敦促美国当局禁止比特币或对比特币征税。

The paper’s authors claim that the U.S. government needs to continue to run a “permanent primary deficit”, but that this can only be achieved where markets are “incomplete” and consumers are “risk-averse”.

该论文的作者声称，美国政府需要继续维持“永久性的基本赤字”，但这只能在市场“不完整”且消费者“规避风险”的情况下实现。

The paper explains that Bitcoin complicates this strategy, and although the authors are contemptuous of Bitcoin, in that they state in the paper that it is a “useless piece of paper”, they also argue that its presence forces the government to balance its budget.

该论文解释说，比特币使这一策略变得复杂，尽管作者鄙视比特币，因为他们在论文中指出它是“一张无用的纸”，但他们也认为它的存在迫使政府平衡其预算。

Short term roll over of BTC price

BTC价格短期展期

For the short term Bitcoin price, it can be seen that $BTC is starting to roll over after attaining a price of $69,500. If the price does lead into a small correctional phase, the Fibonacci level of 0.236 is just below at a price of $67,000. That said, the price might be expected to sink further and confirm the top trendline of the bull flag. This converges with the 0.382 Fibonacci, and should the price bounce from there this could be considered very bullish.

就短期比特币价格而言，可以看出，BTC 在达到 69,500 美元的价格后开始滚动。如果价格确实进入小幅调整阶段，斐波那契水平 0.236 就略低于 67,000 美元的价格。也就是说，价格可能会进一步下跌并确认牛旗的顶部趋势线。该值与 0.382 斐波那契值收敛，如果价格从该值反弹，则可被视为非常看涨。

If the price does go this route, this would also enable the short term time frame Stochastic RSIs to reset to the bottom, which would provide upside momentum once the price swings back up again.

如果价格确实沿着这条路线走，这也将使短期时间框架随机 RSI 重置至底部，一旦价格再次回升，这将提供上行动力。

Macro encouraging picture for BTC

BTC 的宏观前景令人鼓舞

The weekly time frame displays a very encouraging picture for Bitcoin. It can be seen that the price is currently sitting on a strong horizontal support at $68,300. If the price does fall below this, the horizontal support at $66,600, and the top of the bull flag, await below.

每周的时间框架显示了比特币非常令人鼓舞的景象。可以看出，价格目前位于 68,300 美元的强劲水平支撑位。如果价格确实跌破此水平，则在下方等待 66,600 美元的水平支撑位和牛旗顶部。

Towards the bottom of the chart, the Stochastic RSI has the indicators angled nicely upward, while the RSI at the bottom looks to be in the process of reversing the downward trend.

在图表的底部，随机 RSI 指标的角度很好地向上，而底部的 RSI 看起来正在扭转下降趋势。

All looks well, and if republican presidential candidate Donald Trump can continue to widen the gap between him and democrat Kamala Harris going into the US elections in two weeks time, the scene could be set for some explosive price action from Bitcoin going into the end of the year.

一切看起来都不错，如果共和党总统候选人唐纳德·特朗普能够在两周后的美国大选中继续扩大他与民主党人卡马拉·哈里斯之间的差距，那么比特币可能会在年底出现一些爆炸性的价格走势。那一年。