比特幣（BTC）更新向上趨勢，以其目前的歷史最高高點為$ 110,000

比特幣的更新上升趨勢使旗艦資產成為了目前有史以來110,000美元的歷史最高水平的焦點

Bitcoin (BTC) price has recently come close to testing the $159,000 resistance zone with buyers struggling to keep momentum going. As the cryptocurrency market continues to recover, new data from Alphractal suggests that this cycle could be breaking a key cycle top trend.

比特幣（BTC）的價格最近接近測試159,000美元的電阻區，買家努力保持動力。隨著加密貨幣市場的持續恢復，來自字母的新數據表明，這個週期可能會破壞關鍵週期的最高趨勢。

Bitcoin Could Be Breaking A Key Cycle Top Trend

比特幣可能會打破關鍵週期的最高趨勢

According to the latest analysis from Alphractal, an advanced investment and on-chain platform, Bitcoin’s current market behavior might be putting a twist on one of the most reliable indicators of its cycle tops over the years.

根據Alphractal的最新分析，即先進的投資和鍊鍊平台，比特幣的當前市場行為可能會扭轉多年來最可靠的周期上最可靠的指標之一。

As the on-chain platform explained, this reliable indicator is the 2-year Simple Moving Average (2Y SMA). If the trends continue, it may signify a change in the way future tops are determined through this indicator, indicating a more mature and uncertain market structure.

正如鍊上平台所解釋的那樣，這個可靠的指標是2年的簡單移動平均線（2y SMA）。如果趨勢持續下去，它可能意味著通過此指標確定未來頂部的方式的變化，表明市場結構更加成熟和不確定。

According to Alphractal, Bitcoin’s cycle tops have historically occurred at progressively lower multiples of the 2Y SMA indicator, suggesting a slow consolidation and decreased volatility.

根據字母的說法，比特幣的循環頂部歷史上發生在2Y SMA指示器的逐漸倍數上，這表明鞏固緩慢且波動性降低。

The first peak appeared at about 2Y SMA x15. In past cycles like 2017, the flagship asset reached its peak after hitting the 2Y SMA x10. In the 2021 cycle, it first reached 2Y SMA ×5 before dropping to 2Y SMA ×2.65 by the end of the cycle.

第一個峰出現在約2y SMA X15。在像2017年這樣的過去週期中，旗艦資產達到了2y SMA X10之後達到了頂峰。在2021週期中，它首先達到2y SMA×5，然後在周期結束時降至2Y SMA×2.65。

The chart shows that BTC attempted to break past the 2Y SMA ×2.65 multiple in the ongoing cycle but could not succeed, which exhibits a reduction in gains and points to a more consolidated and mature asset. Present, the 2Y SMA ×2.65 level is situated at the $159,000 mark, and this will be the main obstacle for Bitcoin to go beyond if it develops traction again.

該圖表顯示，BTC試圖在正在進行的周期中打破2y SMA×2.65的倍數，但無法成功，這表現出降低的增長，並指向更合併和成熟的資產。目前，2y SMA×2.65級別位於$ 159,000，如果比特幣再次發展牽引力，這將是超越比特幣的主要障礙。

As BTC charges toward this resistance zone, Alphractal has highlighted a key take in the current trend. With each new cycle, the platform points to the potential of extending gains far beyond the 2-year moving average, bolstering this market’s long-term strength.

隨著BTC對該電阻區域的充電，字母刻度強調了當前趨勢的關鍵。在每個新周期中，該平台都指出了擴大增益遠遠超過2年移動平均線的潛力，從而增強了該市場的長期實力。

BTC's Top For This Cycle Is Not Too Far Away

BTC在此週期的最高距離不遠

On the other hand, on-chain expert and author Axel Adler Jr. has shed light on BTC's cycle peak using the MVRV-Z Top Pricing Bands. This metric is another crucial indicator for determining cycle peaks and bottoms over the years, with the help of the z-score standard deviation between market value and realized value.

另一方面，鍊鍊專家和作者Axel Adler Jr.使用MVRV-Z頂級定價頻段闡明了BTC的周期峰。該指標是多年來確定週期峰和底部的另一個關鍵指標，借助Z分數標準偏差，市場價值和已實現價值之間的標準偏差。

With the market gradually stabilizing, Axel Adler highlighted that selling pressure is still unusually calm. Meanwhile, the MVRV-Z indicator readings show that BTC won’t reach its peak for this cycle until this Fall.

隨著市場逐漸穩定，阿克塞爾·阿德勒（Axel Adler）強調，銷售壓力仍然異常平靜。同時，MVRV-Z指標讀數表明，直到今年秋天，BTC才能達到此週期的峰值。

In the meantime, the expert hopes that events like the Black Swan do not occur in the market before then in order for investors to enjoy the full ride of the final wave of buyer momentum without facing any disruption.

同時，專家們希望在此之前沒有在市場上發生像黑天鵝這樣的事件，以便投資者能夠享受最終買家動力的全部旅程，而不會面臨任何破壞。

At the time of writing, BTC’s price was changing hands at around $104,000 with a 1.91% increase in the last 24 hours. Its trading volume is slowly picking up pace alongside the recovery, rising by over 14% in the past day.

在撰寫本文時，BTC的價格以104,000美元左右的價格易手，在過去24小時內增長了1.91％。它的交易量正在緩慢地達到恢復範圍，過去一天上升了14％以上。