隨著價格集會46％

比特幣在四月和五月的出色表現重新激發了對Bearlish Breakout的希望。從4月9日到5月22日，比特幣價格飆升了46.32％

Crypto analyst Axel Adler Jr has forecast that Bitcoin (BTC) could hit a possible price target of $168,000 by October 2025 if momentum in the futures market and leverage continues.

Crypto分析師Axel Adler JR預測，如果期貨市場的勢頭和槓桿率持續，則比特幣（BTC）可能會達到168,000美元的目標目標。

Discussing the rapid appreciation in BTC’s 4-year Compound Annual Growth Rate (CAGR), which shot up from 7% in April to 31% in June, Adler said that this signals a strong shift in the long-term trend as a result of the recent price recovery.

討論BTC 4年復合年增長率（CAGR）的快速升值，該速度從4月的7％增加到了6月的31％，阿德勒表示，這表明由於最近的價格恢復，長期趨勢發生了巨大變化。

From April 9 to May 22, the Bitcoin price surged by 46.32%, including an 18.48% rally between May 5 and 22. The price recovery has also pushed its CAGR higher, which signals renewed market optimism.

從4月9日到5月22日，比特幣價格飆升了46.32％，其中包括5月5日至22日之間的18.48％集會。價格恢復也提高了CAGR的更高，這表明使市場樂觀更加樂觀。

Discussing the technical analysis of Bitcoin’s price chart, crypto analyst Ben Armstrong observed that the cryptocurrency is now attempting to break out of a "triangle pattern" on the 3W chart.

在討論比特幣價格圖表的技術分析時，加密分析師本·阿姆斯特朗（Ben Armstrong）觀察到，加密貨幣現在正在嘗試擺脫3W圖表上的“三角形模式”。

According to the analyst, this breakout could propel Bitcoin towards the $90,000 price level, signaling a significant bullish move.

根據分析師的說法，這一突破可能會推動比特幣的價格水平90,000美元，這表明了看漲的舉動。

"We’re now testing the apex of the triangle, and if we can break out of this pattern, I think we’ll move towards that $90,000 price point," said Ben Armstrong.

本·阿姆斯特朗（Ben Armstrong）說：“我們現在正在測試三角形的頂點，如果我們能擺脫這種模式，我認為我們會朝那個$ 90,000的價格點邁進。”

"This breakout would be a continuation of the strong bullish momentum that we've seen in recent months."

“這次突破將是我們最近幾個月看到的強大看漲勢頭的延續。”

However, Adler pointed out that despite the CAGR increase, it’s still lower than historical bull market peaks, suggesting there's potential for further growth.

但是，阿德勒指出，儘管大事增加了，但仍低於歷史牛市的峰值，這表明有可能進一步增長。

"This sharp rebound shows how quickly the long-term trend can shift when strong buyer momentum enters the market," he stated.

他說：“這種敏銳的反彈表明，當強大的買家勢頭進入市場時，長期趨勢會發生多大變化。”

"But it's worth noting that even with this move higher, the 4-year CAGR is still below the levels we saw during the last major bull market in 2021. This indicates that there's still room for the long-term trend to become even more bullish."

“但是值得注意的是，即使這一舉動更高，四年的複合年增長率仍然低於我們在2021年上一次大型牛市中看到的水平。這表明，長期趨勢仍然存在更加看漲的餘地。”

To adjust for volatility and highlight risk-adjusted returns, X user Manu suggested dividing CAGR by the standard deviation, rendering a more clear view of market performance.

為了調整波動性並突出風險調整後的收益，X用戶Manu建議將復合年增長率除以標準偏差，從而更清晰地了解市場績效。

Adler agreed with the approach, but also emphasized another critical point.

阿德勒同意這種方法，但也強調了另一個關鍵點。

"The real inflection point comes when investors start taking profits based on expected returns," he added.

他補充說：“真正的拐點是當投資者根據預期收益開始獲利時就來了。”

According to him, the risk of a bear market grows once BTC trading volume crosses 1 million coins, as large-scale profit-taking can disrupt the supply-demand balance.

據他說，一旦BTC交易量超過100萬個硬幣，熊市市場的風險就會增加，因為大規模的獲利可能會破壞供求需求的餘額。