最近的比特幣（BTC）集會

最近的比特幣（BTC）拉力賽將其從$ 80K推到$ 90K

The recent Bitcoin (BTC) rally has pushed it from $80k to $90k, flipping crypto market sentiment bullish. However, a closer look at BTC’s energy value suggests a fair Bitcoin price is $130k instead of where it currently trades – $90k, a whopping 40% discount.

最近的比特幣（BTC）拉力賽將其從$ 80K提高到9萬美元，翻轉加密市場情緒看漲。但是，仔細觀察BTC的能源價值表明，公平的比特幣價格為$ 130K，而不是目前交易的價格 - $ 90K，折扣高達40％。

According to Charles Edwards, founder of Capriole Investments, Bitcoin’s Energy Value is the “intrinsic value of Bitcoin as calculated by Joules of energy input only.” Based on this indicator, the fair value of Bitcoin price should be around $130k, but BTC’s price today trades at roughly $93k, which is a 40% discount.

Capriole Investments的創始人查爾斯·愛德華茲（Charles Edwards）表示，比特幣的能源價值是“僅由能源輸入的焦耳計算的比特幣的內在價值”。基於此指標，比特幣價格的公允價值應約為13萬美元，但BTC的價格以大約93K美元的價格交易，這是40％的折扣。

“We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value.”

“我們在減半後一年，比特幣的交易價格高達40％的折扣。”

Bitcoin Energy Value is at $130K. We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value. pic.twitter.com/kbqTgTPp5d

比特幣能源價值為$ 130K。一年後我們是一年，比特幣以其內在價值的40％折扣進行交易。 pic.twitter.com/kbqtgtpp5d

— Charles Edwards (@caprioleio) April 25, 2025

- 查爾斯·愛德華茲（@caprioleio）2025年4月25日

While this is an interesting proposition, a better look at fair value is the average cost required to mine a BTC. Based on MicroMacro data, this value stands at $96k, just $3,000 higher the current price of $93k

儘管這是一個有趣的主張，但更好地看公允價值是開採BTC所需的平均成本。根據MicromaCro數據，此價值為$ 96K，當前價格高3,000美元

Regardless of what is fair value, let’s explore Bitcoin technical analysis and what to expect next in the short and mid-term timeframes.

無論是什麼公允價值，讓我們探索比特幣技術分析以及在短期和中期時間內的下一步期望。

On a daily timeframe, there are three key value areas to note. These zones are where 68% of the volume was traded when Bitcoin price consolidated for long durations.

在每日時間範圍內，需要注意三個關鍵值。當比特幣價格長時間合併時，這些區域是交易量的68％。

After the recent 20% rally in April, BTC is knocking on the lower limit of the $93k to $103k value area. If bulls manage to flip and hold above $93k, there is a good chance of price rotating back to the value area high of $103k.

在四月份最近的20％集會之後，BTC敲門$ 93K至$ 103K的價值面積。如果公牛設法翻轉並持有超過$ 93,000，則很有可能價格旋轉到價值面積高103k的價值面積。

On the other hand a rejection at 93k and reentry into the $81k to $88k zone will likely invalidate the recently created higher lows at $83k and revisit $81k. In a dire case, Bitcoin might look at the revisit the eight-month consolidation area where value extends from $70k to $60k. This is the third key value area.

另一方面，以93k的價格拒絕，重新進入了8.1 k至8.8k $ 88k的區域，可能會使最近創造的較高的低點無效，價格為83,000美元，重新訪問$ 81K。在可怕的情況下，比特幣可能會查看重新審視八個月的合併區，該區域的價值從$ 70K延長到$ 60K。這是第三個鑰匙值區域。

The highest traded volume inside this range is around $65k, which many crypto analysts and traders expect to be the bottom should the uptrend fail to manifest.

此範圍內的最高交易量約為65,000美元，如果上升趨勢未能顯示出來，許多加密分析師和交易者期望這將是最底層。