比特幣（BTC）準備重大突破，為$ 110,000的測試臨近機構優勢

截至2025年5月15日，比特幣繼續保持穩定的穩定水平，儘管其歷史最高水平，但比特幣表現出了顯著的穩定性。

Bitcoin (BTC) continues to trade around the $103,000 level on May 15, showing resilience despite approaching the highs of its all-time run. BTC/USD has been closely tracking a tight band between $102,000 and $105,000 over the past 24 hours, suggesting a period of consolidation ahead of its next major move.

比特幣（BTC）繼續在5月15日的103,000美元水平上進行交易，儘管其歷史悠久的跑步都接近了彈性。在過去的24小時內，BTC/USD一直在密切跟踪$ 102,000至105,000美元之間的狹窄樂隊，這表明在下一個重大舉措之前的合併期間。

After a period of strong gains that saw Bitcoin rally from the $40,000s to the $100,000 mark in less than six months, a technical pattern suggests that the flagship cryptocurrency could be due for another leg up.

經過一段強勁的收益，比特幣從不到六個月的時間內從40,000美元到100,000美元的成績進行了集會，技術模式表明，旗艦加密貨幣可能會導致另一個腿。

As institutional buyers continue to pour capital into Bitcoin, retail traders appear to be largely disengaged, suggesting that there is still room for further gains.

隨著機構買家繼續將資本投入比特幣，零售商人似乎在很大程度上脫離了接觸，這表明仍然有進一步的收益空間。

Institutional Buyers Outpace Retail As Interest Dulls

機構買家超過零售，因為利息乏味

Looking at the broader trends in 2025 so far, it’s clear that institutional buyers have been the main drivers of Bitcoin’s price action. Data from River shows that retail investors were the largest net sellers of Bitcoin, offloading nearly 247,000 BTC (worth at roughly $23 billion depending on average prices). In contrast, corporations—with Michael Saylor’s Strategy alone accounting for 77% of institutional purchases—acquired around 157,000 BTC throughout the same period.

從2025年到目前為止的廣泛趨勢來看，很明顯，機構買家一直是比特幣價格行動的主要驅動力。 River的數據表明，零售投資者是比特幣的最大淨賣家，可將近247,000 BTC卸載（根據平均價格，價值約為230億美元）。相比之下，在同一時期，公司（僅邁克爾·塞勒（Michael Saylor）的戰略就佔機構購買的77％的77％，在同一時期都有約157,000 BTC。

The lack of retail interest is also evident in Google search trends and app download rankings. Search volume for “Bitcoin” has now dropped to levels last seen in June 2024, when BTC was trading at around $66,000.

在Google搜索趨勢和應用下載排名中，缺乏零售興趣也很明顯。現在，“比特幣”的搜索量已下降到2024年6月BTC交易約66,000美元的最後一個水平。

To put this in perspective, search interest typically rises visibly when Bitcoin is approaching a new all-time high. In June 2024, the Coinbase app had fallen to 15th place in the financial category of the U.S. App Store.

從角度來看，當比特幣接近新的歷史最高時，搜索興趣通常會明顯上升。 2024年6月，Coinbase應用程序在美國App Store的財務類別中跌至第15位。

“This pattern of institutional accumulation coupled with retail apathy usually signals we’re still in the middle stages of a bull cycle, not the euphoric top,” said market expert Sarah Chen. “Historically, retail interest lags by about one week before surging when Bitcoin approaches a new all-time high.”

市場專家莎拉·陳（Sarah Chen）說：“這種機構積累的模式加上零售冷漠通常表示我們仍處於公牛週期的中間階段，而不是欣快的頂級。” “從歷史上看，當比特幣接近新的歷史最高水平時，零售利息落後了大約一周。”

BTC Technical Analysis Points To Imminent Breakout

BTC技術分析指出即將突破

Bitcoin’s price structure has formed a clear consolidation pattern that bears watching. Since early April, BTC has been forming a series of higher lows and higher highs, creating a stair-step pattern of consolidation followed by expansion. Each consolidation phase has featured:

比特幣的價格結構形成了一種清晰的合併模式，可以觀看。自4月初以來，BTC一直在形成一系列更高的低點和更高的高點，從而創建了鞏固的樓梯狀態，然後擴展。每個合併階段都有特色：

Currently, Bitcoin is consolidating between an upper boundary of $105,700 and a lower support zone of $100,678. If the established pattern continues, BTC may retest the $100,000-$102,000 level before potentially breaking above $110,000 within the next week.

目前，比特幣在上邊界$ 105,700和較低的支撐區域之間的合併為100,678美元。如果既定模式繼續進行，BTC可能會重新測試$ 100,000- $ 102,000的水平，然後在下周可能會損失超過$ 110,000。

Statistics from Glassnode, showing that Bitcoin’s Realized Cap has increased by $30 billion since April 20—rising at a 3% monthly rate in May to reach $900 billion—further support the optimistic thesis. Although this increase is slower than the 8% increase seen in late 2024, it demonstrates consistent investor confidence and fresh capital inflows.

GlassNode的統計數據表明，自4月20日以來，比特幣的實現上限增加了300億美元，5月以每月3％的速度增長到9000億美元，這支持了樂觀的論文。儘管這種增長比2024年底的8％增長慢，但它表現出一致的投資者信心和新的資本流入。

Moreover, the seven-day Simple Moving Average of Bitcoin’s Spot Volume Delta has turned positive and peaked on May 13, closely tied to the $5 billion mark. This increase in spot purchasing pressure, a rare occurrence this year, supports the notion of significant market belief in Bitcoin’s push past the $100,000 psychological barrier.

此外，比特幣現場數量Delta的7天簡單移動平均線在5月13日達到了陽性，並與50億美元的大關緊密相關。今年很少發生的現貨購買壓力的增加支持了市場對比特幣超越100,000美元的心理障礙的巨大信念的概念。

Short-Term Technical Evidence Shows Mixed Signals

短期技術證據表明信號混合

Despite the overall optimistic outlook, short-term technical indicators suggest some caution. On the hourly chart, a breach below a connecting positive trend line provides support at $103,600. With bears remaining active around the $102,850 level, Bitcoin is currently trading below the 100-hour Simple Moving Average.

儘管有整體樂觀的前景，但短期技術指標表明有些謹慎。在每小時圖表上，連接正趨勢線以下的違規行為可提供103,600美元的支持。由於熊在102,850美元的水平左右保持活躍，比特幣目前的交易低於100小時的簡單移動平均線。

Looking ahead, immediate resistance lies at $103,600, while crucial resistance is anticipated at $104,200. A strong breakout above $105,000 could accelerate the rising trend toward $106,500 and potentially even $108,000. However, failure to clear the $104,200 resistance might set the stage for further downside, with support levels anticipated at $102,850, $101,750, and the psychologically significant $100,000.

展望未來，立即的阻力為103,600美元，而關鍵阻力預計為104,200美元。超過$ 105,000的強勁突破可能會加速上升趨勢，即106,500美元，甚至可能達到108,000美元。但是，未能清除104,200美元的阻力可能會為進一步的缺點奠定基礎，預計支持水平為102,850美元，101,750美元，心理意義重大100,000美元。

The hourly MACD is increasing velocity in the bearish zone, while the RSI has slipped below 50, indicating short-term bearish pressure.

每小時MACD在看跌區的速度增加，而RSI的速度低於50，表明短期看跌壓力。

Bitcoin Price Predictions and Market Cycle Analysis

比特幣價格預測和市場週期分析

Veteran trader Peter Brandt predicts that by August or September this year, Bitcoin might reach between $

資深商人彼得·布蘭特（Peter Brandt）預測，到今年8月或9月，比特幣可能達到$之間