比特幣 (BTC) 漲至歷史新高 108,000 美元，今年飆升近 150%

在需求增加和供應成長下降的推動下，比特幣 (BTC) 今年飆升了近 150%。聯準會和其他央行解除高利率也推動了這一上漲勢頭。

Bitcoin price hit a record high of $108,000 on Dec. 17, continuing a bull run that began in 2023. Several factors have contributed to this price surge, including rising demand and decreasing supply growth.

比特幣價格於 12 月 17 日創下 108,000 美元的歷史新高，延續了 2023 年開始的牛市。

Bitcoin (BTC) price remained above $107,000 on Dec. 17, continuing a bull run that began in 2023. Several factors have contributed to this price surge, including rising demand and decreasing supply growth.

12 月 17 日，比特幣 (BTC) 價格保持在 107,000 美元以上，延續了 2023 年開始的牛市。

The price of BTC has surged by nearly 150% this year, making it one of the best-performing assets in 2023. This performance is in stark contrast to the broader market, which has seen a downturn in the second half of the year.

BTC的價格今年飆升了近150%，成為2023年表現最好的資產之一。

Several factors have contributed to this demand, including the unwinding of high interest rates by the Federal Reserve and other central banks. This move has led to an increase in the demand for risky assets, such as cryptocurrencies.

有幾個因素促成了這種需求，包括聯準會和其他央行取消高利率。此舉導致對加密貨幣等風險資產的需求增加。

Data from SoSoValue shows that spot Bitcoin exchange-traded funds (ETFs) have accumulated over $36 billion in assets, bringing their combined total to more than $120 billion.

SoSoValue 的數據顯示，現貨比特幣交易所交易基金 (ETF) 已累積超過 360 億美元的資產，使其總資產超過 1,200 億美元。

This growth indicates that Bitcoin is increasingly competing with gold for investor attention. People have been asking me about this. Yes, if you include all bitcoin ETFs (spot, futures, levered) they have $130b vs $128b for gold ETFs.

這種增長表明比特幣越來越多地與黃金爭奪投資者的注意力。人們一直在問我這個問題。是的，如果你包括所有比特幣 ETF（現貨、期貨、槓桿），它們的價值為 130b 美元，而黃金 ETF 的價值為 128b 美元。

However, if you just look at spot, btc is $120b vs $125b for gold. Either way, unreal we even discussing them being this close at 11mo.

然而，如果你只看現貨，比特幣的價格為 120b 美元，而黃金的價格為 125b 美元。不管怎樣，我們甚至在 11 點討論他們的距離如此之近，這都是不真實的。

Bitcoin supply growth has not been strong as mining difficulty has jumped. Data by CoinGlass shows that the amount of Bitcoin remaining in exchanges has continued to fall this year.

隨著挖礦難度的上升，比特幣供應成長並不強勁。 CoinGlass 的數據顯示，今年交易所中剩餘的比特幣數量持續下降。

These supply and demand dynamics will likely push Bitcoin prices higher in the long term. This demand will likely come from governments and corporations, which have seen Microstrategy move from a tiny company into a $90 billion firm.

從長遠來看，這些供需動態可能會推高比特幣價格。這種需求可能來自政府和企業，他們見證了 Microstrategy 從一家小公司發展成為一家價值 900 億美元的公司。

The next key catalyst that could have an impact on Bitcoin is the Federal Reserve decision on Wednesday. Economists expect that the bank will cut rates by 0.25%, bringing the year-to-date cuts to 1%.

下一個可能對比特幣產生影響的關鍵催化劑是聯準會週三的決定。經濟學家預計央行將降息 0.25%，使年初至今的降息幅度達到 1%。

Bitcoin and other risky assets do well when the Fed is cutting rates because investors often move from low-yielding money market funds.

當聯準會降息時，比特幣和其他風險資產表現良好，因為投資者通常會從低收益貨幣市場基金中撤資。

However, the Fed may disrupt the Bitcoin price surge by having a hawkish tone because of the sticky inflation. Its main concern is that Donald Trump’s policies of deportation, tax cuts, and tariffs will stir inflation.

然而，由於通膨黏性，聯準會可能會透過強硬語氣來擾亂比特幣價格的飆升。它主要擔心的是唐納德·川普的驅逐出境、減稅和關稅政策將引發通貨膨脹。

Data released last week showed that inflation is still a big challenge as the headline Consumer Price Index rose to 2.7%. Core CPI, which excludes the volatile food and energy price, remained at 2.2%.

上週公佈的數據顯示，通膨仍是一大挑戰，整體消費者物價指數升至 2.7%。剔除波動較大的食品和能源價格後的核心CPI維持在2.2%。

As such, while the Fed will likely cut rates this week, it might deliver a hawkish outlook.

因此，儘管聯準會本周可能降息，但前景可能會變得鷹派。

Bitcoin price analysis

比特幣價格分析

The daily chart shows that BTC has maintained a strong bullish trend over the past few weeks. The price remains above all major moving averages, signaling that bulls are still in control.

日線圖顯示，過去幾週BTC一直保持強勁的看漲趨勢。價格仍高於所有主要移動平均線，表明多頭仍處於控制之中。

Additionally, BTC has formed a cup and handle pattern, pointing to more gains.

此外，比特幣已經形成了杯柄形態，預示著還會有更多上漲。

However, the chart also reveals a rising wedge pattern, a common reversal signal. The MACD and Relative Strength Index have both formed bearish divergence patterns.

然而，該圖表也揭示了上升楔形形態，這是一種常見的反轉訊號。 MACD和相對強弱指數均形成看跌背離形態。

As a result, there is a possibility of a brief pullback, potentially to $103,000, following the Federal Reserve’s interest rate decision on Wednesday.

因此，在聯準會週三做出利率決定後，金價有可能短暫回調至 103,000 美元。