專家分析警告稱，比特幣的牛市可能正在降溫

資深圖表分析師 Peter Brandt 表示，比特幣（BTC）持續的多頭市場可能已經達到頂峰。 Brandt 先前預測看漲週期將持續至 2025 年 9 月，潛在高點可達 20 萬美元，但他根據「指數衰減」理論修改了他的預測。

Bitcoin's Bull Run May Be Nearing Its Zenith, According to Expert Analysis

專家分析稱，比特幣牛市可能已接近頂峰

New York, NY - March 8, 2023 - The cryptocurrency market has been abuzz with speculation regarding the fate of Bitcoin (BTC) in recent weeks, and now, renowned chart analyst Peter Brandt has cast doubt on the possibility of further significant gains in the near future.

紐約，紐約- 2023 年3 月8 日- 最近幾週，加密貨幣市場一直充斥著有關比特幣(BTC) 命運的猜測，現在，著名圖表分析師Peter Brandt 對比特幣進一步大幅上漲的可能性表示懷疑。

Brandt, the CEO of Factor LLC, had previously forecasted a bullish cycle for Bitcoin extending to September 2025, with potential highs of $200,000. However, in a recent interview with CoinDesk, he revised his prediction, citing the "exponential decay" theory as the basis for his revised outlook.

Factor LLC 執行長 Brandt 先前預測，比特幣的看漲週期將持續至 2025 年 9 月，潛在高點可達 20 萬美元。然而，在最近接受 CoinDesk 採訪時，他修正了自己的預測，並引用「指數衰減」理論作為修正前景的基礎。

Exponential decay is a statistical concept that describes the reduction of an amount by a consistent percentage rate over time. Brandt believes that Bitcoin's price trajectory is following this pattern, and that the record high of $73,835 reached in March 2024 was already consistent with the historical exponential decay.

指數衰減是一個統計概念，描述了隨著時間的推移，金額以一致的百分比減少。 Brandt 認為，比特幣的價格軌跡正在遵循這種模式，而 2024 年 3 月達到的歷史新高 73,835 美元已經與歷史指數衰減一致。

Brandt's revised prediction is particularly noteworthy given his accurate forecast of Bitcoin's collapse to under $4,000 in 2018. He postulates that each bull cycle for Bitcoin has been approximately 80% less powerful than its predecessor in terms of price multiple gained.

布蘭特的修正預測尤其值得注意，因為他準確預測比特幣將在2018 年跌至4,000 美元以下。低約80%。

Despite his bearish outlook in the short term, Brandt acknowledges the potential for a temporary surge in Bitcoin's price in the $140,000 to $160,000 range by late summer or early fall 2025, aligning with the "Pre/Post Halving" cycle construct. However, he maintains his belief that Bitcoin's overall bull market may have reached its peak.

儘管布蘭特對短期前景持悲觀態度，但他承認，到2025 年夏末或秋初，比特幣價格可能會暫時飆升至14 萬美元至16 萬美元之間，這與「減半前/減半後」週期結構保持一致。不過，他仍然相信比特幣的整體牛市可能已經達到頂峰。

Brandt's prediction coincides with a forecast from crypto analyst Michaël van de Poppe, who predicts a potential Bitcoin dip in the coming days. Despite this short-term bearish outlook, van de Poppe remains optimistic about a quick recovery for the leading cryptocurrency.

布蘭特的預測與加密貨幣分析師 Michaël van de Poppe 的預測一致，後者預測未來幾天比特幣可能會下跌。儘管存在短期看跌前景，范德波普仍然對領先的加密貨幣的快速復甦持樂觀態度。

Meanwhile, a report from broker Bernstein suggests that the recent slowdown in Bitcoin exchange-traded fund (ETF) inflows is a temporary pause rather than a negative trend. The report highlights Bitcoin's recent price stability, with no clear momentum on either side following the halving event.

同時，經紀商伯恩斯坦的一份報告表明，近期比特幣交易所交易基金（ETF）流入放緩只是暫時的停頓，而不是負面趨勢。該報告強調了比特幣近期的價格穩定性，減半事件後雙方都沒有明顯的動能。

Despite the recent slowdown in spot Bitcoin ETF flows, Bernstein analysts Gautam Chhugani and Mahika Sapra maintain a price target of $150,000 for Bitcoin by the end of 2025, signaling their belief in its long-term potential.

儘管近期比特幣 ETF 現貨流量放緩，但 Bernstein 分析師 Gautam Chhugani 和 Mahika Sapra 仍將比特幣到 2025 年底的目標價維持在 15 萬美元，這表明他們相信其長期潛力。

As of the time of writing, Bitcoin was trading at $61,274.03, down 3.96% on the day. Analysts and investors alike will be closely monitoring Bitcoin's price action in the coming days and weeks to gauge the validity of these predictions and determine the cryptocurrency's next move.

截至撰寫本文時，比特幣交易價格為 61,274.03 美元，當日下跌 3.96%。分析師和投資者將在未來幾天和幾週內密切關注比特幣的價格走勢，以評估這些預測的有效性並確定加密貨幣的下一步走勢。