比特幣（BTC）2025年5月的價格預測提出了混合圖片

比特幣在2025年5月的價格預測表現出了不同的情況，因為領先的加密貨幣交易接近94,338美元，反映了每日略微下降的略有-0.42％。

Bitcoin’s price prediction for May 2025 presents a mixed picture, as the leading cryptocurrency trades near $94,338, reflecting a slight -0.42% daily decline.Reporting on "Coinbase Premium Gap Shows US Investors May Be Pulling Back From Bitcoin"

比特幣在2025年5月的價格預測表現出了不同的情況，因為領先的加密貨幣交易接近94,338美元，反映了每天下降的略有-0.42％。報告說：“ Coinbase Premium Gap顯示美國的投資者可能會從比特幣中退回比特幣”。

While BTC holds near recent highs, analysis reveals short-term caution signs clashing with resilient on-chain support, shaping the potential price path this month.

儘管BTC幾乎近在咫尺，但分析揭示了短期警告跡象與穩定的鏈上支撐衝突，並塑造了本月潛在的價格路徑。

Coinbase Premium Dip Signals US Investor Caution for May

Coinbase Premium Dip表示美國投資者的注意

A key indicator of US market sentiment, the Coinbase Premium Gap, flashed a warning sign with a sharp -5.07 drop. This metric, which measures the price difference of BTC on Coinbase versus global exchanges, recently rebounded, indicating easing bearish pressure.However, the latest dip into negative territory points to a shift in sentiment, possibly as US whales take profits or rotate into cash.

美國市場情緒的關鍵指標，Coinbase Premium Gap，以急劇-5.07的速度閃爍了警告標誌。該指標衡量了最近反彈的Coinbase與全球交換的BTC的價格差異，表明看跌壓力緩解了看跌壓力。

Historically, negative Coinbase Premium can precede price weakness. Seeing this selling pressure emerge as Bitcoin nears the critical $95k-$100k resistance zone could hinder immediate breakout attempts in May.

從歷史上看，負面的溢價可以在價格弱點之前。看到這種銷售壓力的出現，因為比特幣接近關鍵的$ 95K- $ 100K的阻力區可能會阻礙5月的立即突破嘗試。

BTC Technical Analysis: Bollinger Bands & MACD Suggest Pullback

BTC技術分析：Bollinger Bands＆MacD建議回調

Bitcoin’s technical analysis also points towards a potential cooling-off period for May. BTC is pulling back from the upper Bollinger Band, which recently acted as resistance around $100,000.The price is still above the mid-band (20-day SMA) at $92,367, which now serves as critical short-term support. If this level holds, bulls may defend the $92K-$94K region and attempt a rebound.

比特幣的技術分析還指向5月的潛在冷卻期。 BTC從上布林樂隊退回，該樂隊最近在100,000美元的左右起著電阻。價格仍高於中期（20天SMA）的價格為92,367美元，現在是關鍵的短期支持。如果這個水平成立，公牛可能會捍衛92,000美元的$ 94K地區並嘗試反彈。

On the other hand, the MACD line (blue) has crossed below the signal line (orange), and histogram bars have turned red - indicating a loss of bullish momentum. A close below the $92,000 level could expose BTC to a deeper retracement toward the lower Bollinger Band near $84,122.

另一方面，MACD線（藍色）已越過信號線（橙色），直方圖桿已變成紅色 - 表明看漲勢頭的損失。低於$ 92,000的距離可能會使BTC向下Bollinger樂隊的更深層次接近$ 84,122。

If BTC stabilizes above the mid-band and regains upward MACD momentum, the price could retest $96K, with a potential breakout toward $100K.

如果BTC穩定在中型上方並恢復了MACD勢頭，則價格可能會重新降低9.6萬美元，並有潛在的突破到10萬美元。

On-Chain Metrics Reflect Consolidation, Not Capitulation

鏈上指標反映合併，而不是投降

While technical and market sentiment indicators flash caution, Bitcoin’s on-chain fundamentals tell a more resilient story.

儘管技術和市場情緒指標急切地謹慎，但比特幣的鏈基本面講述了一個更具彈性的故事。

According to Glassnode, Bitcoin’s Market Value to Realized Value (MVRV) ratio has pulled back to its long-term mean of 1.74. Historically, this level has marked consolidation phases rather than egnals US Investor Caution for May

根據GlassNode的說法，比特幣對已實現價值（MVRV）比率的市場價值已恢復到其長期平均值1.74。從歷史上看，這一水平已明顯合併階段，而不是美國投資者的謹慎

A key indicator of US market sentiment, the Coinbase Premium Gap, flashed a warning sign with a sharp -5.07 drop. This metric, which measures the price difference of BTC on Coinbase versus global exchanges, recently rebounded, indicating easing bearish pressure.However, the latest dip into negative territory points to a shift in sentiment, possibly as US whales take profits or rotate into cash.

美國市場情緒的關鍵指標，Coinbase Premium Gap，以急劇-5.07的速度閃爍了警告標誌。該指標衡量了最近反彈的Coinbase與全球交換的BTC的價格差異，表明看跌壓力緩解了看跌壓力。

Historically, negative Coinbase Premium can precede price weakness. Seeing this selling pressure emerge as Bitcoin nears the critical $95k-$100k resistance zone could hinder immediate breakout attempts in May.

從歷史上看，負面的溢價可以在價格弱點之前。看到這種銷售壓力的出現，因為比特幣接近關鍵的$ 95K- $ 100K的阻力區可能會阻礙5月的立即突破嘗試。

BTC Technical Analysis: Bollinger Bands & MACD Suggest Pullback

BTC技術分析：Bollinger Bands＆MacD建議回調

Bitcoin’s technical analysis also points towards a potential cooling-off period for May. BTC is pulling back from the upper Bollinger Band, which recently acted as resistance around $100,000.The price is still above the mid-band (20-day SMA) at $92,367, which now serves as critical short-term support. If this level holds, bulls may defend the $92K-$94K region and attempt a rebound.

比特幣的技術分析還指向5月的潛在冷卻期。 BTC從上布林樂隊退回，該樂隊最近在100,000美元的左右起著電阻。價格仍高於中期（20天SMA）的價格為92,367美元，現在是關鍵的短期支持。如果這個水平成立，公牛可能會捍衛92,000美元的$ 94K地區並嘗試反彈。

On the other hand, the MACD line (blue) has crossed below the signal line (orange), and histogram bars have turned red - indicating a loss of bullish momentum. A close below the $92,000 level could expose BTC to a deeper retracement toward the lower Bollinger Band near $84,122.

另一方面，MACD線（藍色）已越過信號線（橙色），直方圖桿已變成紅色 - 表明看漲勢頭的損失。低於$ 92,000的距離可能會使BTC向下Bollinger樂隊的更深層次接近$ 84,122。

If BTC stabilizes above the mid-band and regains upward MACD momentum, the price could retest $96K, with a potential breakout toward $100K.

如果BTC穩定在中型上方並恢復了MACD勢頭，則價格可能會重新降低9.6萬美元，並有潛在的突破到10萬美元。

On-Chain Metrics Reflect Consolidation, Not Capitulation

鏈上指標反映合併，而不是投降

While technical and market sentiment indicators flash caution, Bitcoin’s on-chain fundamentals tell a more resilient story.

儘管技術和市場情緒指標急切地謹慎，但比特幣的鏈基本面講述了一個更具彈性的故事。

According to Glassnode, Bitcoin’s Market Value to Realized Value (MVRV) ratio has pulled back to its long-term mean of 1.74. Historically, this level has marked consolidation phases rather than outright downturns. The August 2024 reset showed similar behavior, ultimately giving way to a price recovery.

根據GlassNode的說法，比特幣對已實現價值（MVRV）比率的市場價值已恢復到其長期平均值1.74。從歷史上看，這一水平已經明顯合併階段，而不是徹底的低迷。 2024年8月的重置表現出類似的行為，最終讓位於價格恢復。

#Bitcoin's MVRV Ratio has pulled back to its long-term mean of 1.74, a key reset level historically associated with consolidation phases. This marks

＃比特幣的MVRV比率已恢復到其長期平均值1.74，這是與合併階段有關的關鍵重置水平。這標記