专家分析警告称，比特币的牛市可能正在降温

资深图表分析师 Peter Brandt 表示，比特币（BTC）持续的牛市可能已经达到顶峰。 Brandt 此前预测看涨周期将持续至 2025 年 9 月，潜在高点可达 20 万美元，但他根据“指数衰减”理论修改了他的预测。

Bitcoin's Bull Run May Be Nearing Its Zenith, According to Expert Analysis

专家分析称，比特币牛市可能已接近顶峰

New York, NY - March 8, 2023 - The cryptocurrency market has been abuzz with speculation regarding the fate of Bitcoin (BTC) in recent weeks, and now, renowned chart analyst Peter Brandt has cast doubt on the possibility of further significant gains in the near future.

纽约，纽约 - 2023 年 3 月 8 日 - 最近几周，加密货币市场一直充斥着有关比特币 (BTC) 命运的猜测，现在，著名图表分析师 Peter Brandt 对比特币进一步大幅上涨的可能性表示怀疑。不远的将来。

Brandt, the CEO of Factor LLC, had previously forecasted a bullish cycle for Bitcoin extending to September 2025, with potential highs of $200,000. However, in a recent interview with CoinDesk, he revised his prediction, citing the "exponential decay" theory as the basis for his revised outlook.

Factor LLC 首席执行官 Brandt 此前预测，比特币的看涨周期将持续至 2025 年 9 月，潜在高点可达 20 万美元。然而，在最近接受 CoinDesk 采访时，他修正了自己的预测，并引用“指数衰减”理论作为修正前景的基础。

Exponential decay is a statistical concept that describes the reduction of an amount by a consistent percentage rate over time. Brandt believes that Bitcoin's price trajectory is following this pattern, and that the record high of $73,835 reached in March 2024 was already consistent with the historical exponential decay.

指数衰减是一个统计概念，描述了随着时间的推移，金额以一致的百分比减少。 Brandt 认为，比特币的价格轨迹正在遵循这种模式，并且 2024 年 3 月达到的历史新高 73,835 美元已经与历史指数衰减一致。

Brandt's revised prediction is particularly noteworthy given his accurate forecast of Bitcoin's collapse to under $4,000 in 2018. He postulates that each bull cycle for Bitcoin has been approximately 80% less powerful than its predecessor in terms of price multiple gained.

布兰特的修正预测尤其值得注意，因为他准确预测比特币将在 2018 年跌至 4,000 美元以下。他假设，就价格倍数涨幅而言，比特币的每个牛市周期的威力都比前一个周期低约 80%。

Despite his bearish outlook in the short term, Brandt acknowledges the potential for a temporary surge in Bitcoin's price in the $140,000 to $160,000 range by late summer or early fall 2025, aligning with the "Pre/Post Halving" cycle construct. However, he maintains his belief that Bitcoin's overall bull market may have reached its peak.

尽管布兰特对短期前景持悲观态度，但他承认，到 2025 年夏末或秋初，比特币价格可能会暂时飙升至 14 万美元至 16 万美元之间，这与“减半前/减半后”周期结构保持一致。不过，他仍然相信比特币的整体牛市可能已经达到顶峰。

Brandt's prediction coincides with a forecast from crypto analyst Michaël van de Poppe, who predicts a potential Bitcoin dip in the coming days. Despite this short-term bearish outlook, van de Poppe remains optimistic about a quick recovery for the leading cryptocurrency.

布兰特的预测与加密货币分析师 Michaël van de Poppe 的预测一致，后者预测未来几天比特币可能会下跌。尽管存在短期看跌前景，但范德波普仍然对领先的加密货币的快速复苏持乐观态度。

Meanwhile, a report from broker Bernstein suggests that the recent slowdown in Bitcoin exchange-traded fund (ETF) inflows is a temporary pause rather than a negative trend. The report highlights Bitcoin's recent price stability, with no clear momentum on either side following the halving event.

与此同时，经纪商伯恩斯坦的一份报告表明，近期比特币交易所交易基金（ETF）流入放缓只是暂时的停顿，而不是负面趋势。该报告强调了比特币近期的价格稳定性，减半事件后双方都没有明显的势头。

Despite the recent slowdown in spot Bitcoin ETF flows, Bernstein analysts Gautam Chhugani and Mahika Sapra maintain a price target of $150,000 for Bitcoin by the end of 2025, signaling their belief in its long-term potential.

尽管近期比特币 ETF 现货流量放缓，但 Bernstein 分析师 Gautam Chhugani 和 Mahika Sapra 仍将比特币到 2025 年底的价格目标维持在 15 万美元，这表明他们相信其长期潜力。

As of the time of writing, Bitcoin was trading at $61,274.03, down 3.96% on the day. Analysts and investors alike will be closely monitoring Bitcoin's price action in the coming days and weeks to gauge the validity of these predictions and determine the cryptocurrency's next move.

截至撰写本文时，比特币交易价格为 61,274.03 美元，当日下跌 3.96%。分析师和投资者将在未来几天和几周内密切关注比特币的价格走势，以评估这些预测的有效性并确定加密货币的下一步走势。