随着价格集会46％

比特币在四月和五月的出色表现重新激发了对Bearlish Breakout的希望。从4月9日到5月22日，比特币价格飙升了46.32％

Crypto analyst Axel Adler Jr has forecast that Bitcoin (BTC) could hit a possible price target of $168,000 by October 2025 if momentum in the futures market and leverage continues.

Crypto分析师Axel Adler JR预测，如果期货市场的势头和杠杆率持续，则比特币（BTC）可能会达到168,000美元的目标目标。

Discussing the rapid appreciation in BTC’s 4-year Compound Annual Growth Rate (CAGR), which shot up from 7% in April to 31% in June, Adler said that this signals a strong shift in the long-term trend as a result of the recent price recovery.

讨论BTC 4年复合年增长率（CAGR）的快速升值，该速度从4月的7％增加到了6月的31％，阿德勒表示，这表明由于最近的价格恢复，长期趋势发生了巨大变化。

From April 9 to May 22, the Bitcoin price surged by 46.32%, including an 18.48% rally between May 5 and 22. The price recovery has also pushed its CAGR higher, which signals renewed market optimism.

从4月9日到5月22日，比特币价格飙升了46.32％，其中包括5月5日至22日之间的18.48％集会。价格恢复也提高了CAGR的更高，这表明使市场乐观更加乐观。

Discussing the technical analysis of Bitcoin’s price chart, crypto analyst Ben Armstrong observed that the cryptocurrency is now attempting to break out of a "triangle pattern" on the 3W chart.

在讨论比特币价格图表的技术分析时，加密分析师本·阿姆斯特朗（Ben Armstrong）观察到，加密货币现在正在尝试摆脱3W图表上的“三角形模式”。

According to the analyst, this breakout could propel Bitcoin towards the $90,000 price level, signaling a significant bullish move.

根据分析师的说法，这一突破可能会推动比特币的价格水平90,000美元，这表明了看涨的举动。

"We’re now testing the apex of the triangle, and if we can break out of this pattern, I think we’ll move towards that $90,000 price point," said Ben Armstrong.

本·阿姆斯特朗（Ben Armstrong）说：“我们现在正在测试三角形的顶点，如果我们能摆脱这种模式，我认为我们会朝那个$ 90,000的价格点迈进。”

"This breakout would be a continuation of the strong bullish momentum that we've seen in recent months."

“这次突破将是我们最近几个月看到的强大看涨势头的延续。”

However, Adler pointed out that despite the CAGR increase, it’s still lower than historical bull market peaks, suggesting there's potential for further growth.

但是，阿德勒指出，尽管大事增加了，但仍低于历史牛市的峰值，这表明有可能进一步增长。

"This sharp rebound shows how quickly the long-term trend can shift when strong buyer momentum enters the market," he stated.

他说：“这种敏锐的反弹表明，当强大的买家势头进入市场时，长期趋势会发生多大变化。”

"But it's worth noting that even with this move higher, the 4-year CAGR is still below the levels we saw during the last major bull market in 2021. This indicates that there's still room for the long-term trend to become even more bullish."

“但是值得注意的是，即使这一举动更高，四年的复合年增长率仍然低于我们在2021年上一次大型牛市中看到的水平。这表明，长期趋势仍然存在更加看涨的余地。”

To adjust for volatility and highlight risk-adjusted returns, X user Manu suggested dividing CAGR by the standard deviation, rendering a more clear view of market performance.

为了调整波动性并突出风险调整后的收益，X用户Manu建议将复合年增长率除以标准偏差，从而更清晰地了解市场绩效。

Adler agreed with the approach, but also emphasized another critical point.

阿德勒同意这种方法，但也强调了另一个关键点。

"The real inflection point comes when investors start taking profits based on expected returns," he added.

他补充说：“真正的拐点是当投资者根据预期收益开始获利时就来了。”

According to him, the risk of a bear market grows once BTC trading volume crosses 1 million coins, as large-scale profit-taking can disrupt the supply-demand balance.

据他说，一旦BTC交易量超过100万个硬币，熊市市场的风险就会增加，因为大规模的获利可能会破坏供求需求的余额。