比特幣（BTC）表現出潛在看漲趨勢的跡象

比特幣（BTC）在關鍵指標驅動的5月表現出潛在看漲趨勢的跡象。

Bitcoin (BTC) is showing signs of a potential bullish trend in May, according to key indicators that experts have highlighted.

根據專家強調的關鍵指標，比特幣（BTC）在5月份顯示了5月份潛在看漲趨勢的跡象。

This comes as the largest cryptocurrency continues its recovery rally from early April lows, trading up 14.6% over the past month.

這是因為最大的加密貨幣從4月初低點開始恢復集會，在過去一個月中增長了14.6％。

Is A Bitcoin Bull Run Returning?

比特幣公牛跑步返回嗎？

In a recent X (formerly Twitter) post, analyst and WiM Media founder Robert Breedlove referenced Blockware Team’s average miner breakeven cost data to suggest that Bitcoin might be close to a bull market.

在最近的X（以前是Twitter）的帖子中，分析師和WIM媒體創始人Robert Breedlove引用了Blockware團隊的平均礦工Breakeven Coss Cod Data，以表明比特幣可能靠近牛市。

He noted that the price usually doesn’t stay below this average for extended periods, as it represents the threshold at which miners may cease operations if they are not profitable.

他指出，價格通常不會長時間保持在平均水平以下，因為它代表了礦工在不盈利的情況下停止運營的門檻。

“In a rational economy, assets rarely trade below their cost of production,” Breedlove remarked.

“在合理的經濟中，資產很少低於其生產成本，” Breedlove說。

He highlighted that the index accurately identified six bottoms between 2016 and 2024. Notably, it signals another bottom, which could indicate an upcoming increase in the Bitcoin price.

他強調，該指數在2016年至2024年之間準確地確定了六個底部。值得注意的是，它標誌著另一個底部的底部，這可能表明即將上漲比特幣價格。

MacroMicro data further supports this. At the time of writing, the 30-day moving average (MA) of the mining cost-to-BTC price ratio stood at 1.05.

Macromicro數據進一步支持了這一點。在撰寫本文時，採礦成本與BTC價格比率為30天的移動平均值（MA）為1.05。

This indicated that miners have been operating at a loss on average over the past month. As a result, this could potentially lead to an upward price movement as miners operating at a loss scale back, tightening supply.

這表明礦工在過去一個月中平均虧損。結果，隨著礦工以損失量表的向後運行並收緊供應，這可能會導致價格上漲。

The Bitcoin hash rate price model, which assesses Bitcoin’s value based on the historical relationship between its price and hash rate, also contributes to the bullish outlook.

比特幣哈希率價格模型，該模型根據其價格和哈希率之間的歷史關係評估比特幣的價值，也有助於看漲的前景。

Analyst Giovanni noted on X that the model is currently at a Bitcoin support level.

分析師Giovanni在X上指出，該模型當前處於比特幣支持水平。

“The fact the hash rate based BTC valuation is at the support level means that probably we reached some kind of local bottom,” the analyst said.

這位分析師說：“基於哈希率的BTC估值的事實是，在支持水平上意味著我們可能達到了某種本地底部。”

Additional market signals strengthen the case for a potential rally. Breedlove pointed out that long-term holders have accumulated approximately 150,000 BTC over the past 30 days. This suggests reduced selling pressure in the $80,000 to $100,000 range.

額外的市場信號加強了潛在集會的情況。 Breedlove指出，在過去的30天內，長期持有人在大約15萬BTC中積累了大約150,000 BTC。這表明在80,000美元至100,000美元之間的銷售壓力降低。

As fewer people are willing to sell Bitcoin at these levels, the price could face upward pressure as demand remains strong, but the supply of available Bitcoin dwindles.

由於較少的人願意在這些水平上出售比特幣，因此價格可能會面臨上升壓力，因為需求仍然很大，但可用的比特幣量減少。

“At its core, the Bitcoin price is simply a function of supply and demand. After an increase in the Bitcoin price, you start to see previously inactive coins move on-chain. Inversely, after prolonged periods of sideways or negative price action, long-term holders begin accumulating more coins, setting the stage for a supply-shock and upward price pressure,” he added.

“從本質上講，比特幣價格僅僅是供求的函數。在比特幣價格上漲後，您開始看到以前的不活動硬幣在鏈上移動。在長時間的側側或負價行動的長時間之後，長期持有人開始累積更多的硬幣，為供應量增加的價格和上升的價格壓力，並補充說。”

Moreover, rising global fiat liquidity is expanding the pool of capital available to invest in Bitcoin. This is further supported by exchange-traded funds (ETFs), Bitcoin treasury companies, and convertible bonds.

此外，全球菲亞特流動性上升正在擴大可用於投資比特幣的資本庫。交易所貿易資金（ETF），比特幣財政公司和可轉換債券進一步支持這一點。

These financial vehicles provide easier access for new liquidity to enter the Bitcoin market, bridging the gap between traditional finance and cryptocurrency.

這些金融工具為新的流動性提供了更容易進入比特幣市場的機會，從而彌合了傳統金融和加密貨幣之間的差距。

“And it’s not just USD liquidity that’s increasing – liquidity of all fiat currencies is on the rise, and Bitcoin is a global asset,” Breedlove stated.

Breedlove說：“不僅在增加美元流動性 - 所有法定貨幣的流動性都在上升，比特幣是全球資產。”

Recently, BeInCrypto also highlighted a few bullish factors for BTC. The coin’s apparent demand turned positive, which implies an increase in interest or buying activity for Bitcoin.

最近，Beincrypto還強調了BTC的一些看漲因素。硬幣的明顯需求變成了積極的態度，這意味著比特幣的利息或購買活動的增加。

Additionally, the Market Value to Realized Value (MVRV) ratio rebounded from the historically significant mean of 1.74. This movement has previously proven to be a reliable indicator of the early stages of a bull market for Bitcoin.

此外，從歷史上顯著的1.74平均值反彈的實現價值（MVRV）的市場價值反彈。以前，該運動已被證明是比特幣牛市早期階段的可靠指標。

Amidst these bullish signs, BTC’s price performance has been quite remarkable. After briefly dropping below the 75,000 mark in early April, the price has continued to recover.

在這些看漲的跡像中，BTC的價格表現非常出色。在4月初短暫地降至75,000大關之後，價格繼續恢復。

Over the past week, BTC has seen a 4.3% uptick. At press time, Bitcoin’s trading price stood at $97,048, showing daily gains of 2.3%.

在過去的一周中，BTC的增長率為4.3％。發稿時，比特幣的交易價格為97,048美元，每日增長率為2.3％。