比特币（BTC）准备重大突破，为$ 110,000的测试临近机构优势

截至2025年5月15日，比特币继续保持稳定的稳定水平，尽管其历史最高水平，但比特币表现出了显着的稳定性。

Bitcoin (BTC) continues to trade around the $103,000 level on May 15, showing resilience despite approaching the highs of its all-time run. BTC/USD has been closely tracking a tight band between $102,000 and $105,000 over the past 24 hours, suggesting a period of consolidation ahead of its next major move.

比特币（BTC）继续在5月15日的103,000美元水平上进行交易，尽管其历史悠久的跑步都接近了弹性。在过去的24小时内，BTC/USD一直在密切跟踪$ 102,000至105,000美元之间的狭窄乐队，这表明在下一个重大举措之前的合并期间。

After a period of strong gains that saw Bitcoin rally from the $40,000s to the $100,000 mark in less than six months, a technical pattern suggests that the flagship cryptocurrency could be due for another leg up.

经过一段强劲的收益，比特币从不到六个月的时间内从40,000美元到100,000美元的成绩进行了集会，技术模式表明，旗舰加密货币可能会导致另一个腿。

As institutional buyers continue to pour capital into Bitcoin, retail traders appear to be largely disengaged, suggesting that there is still room for further gains.

随着机构买家继续将资本投入比特币，零售商人似乎在很大程度上脱离了接触，这表明仍然有进一步的收益空间。

Institutional Buyers Outpace Retail As Interest Dulls

机构买家超过零售，因为利息乏味

Looking at the broader trends in 2025 so far, it’s clear that institutional buyers have been the main drivers of Bitcoin’s price action. Data from River shows that retail investors were the largest net sellers of Bitcoin, offloading nearly 247,000 BTC (worth at roughly $23 billion depending on average prices). In contrast, corporations—with Michael Saylor’s Strategy alone accounting for 77% of institutional purchases—acquired around 157,000 BTC throughout the same period.

从2025年到目前为止的广泛趋势来看，很明显，机构买家一直是比特币价格行动的主要驱动力。 River的数据表明，零售投资者是比特币的最大净卖家，可将近247,000 BTC卸载（根据平均价格，价值约为230亿美元）。相比之下，在同一时期，公司（仅迈克尔·塞勒（Michael Saylor）的战略就占机构购买的77％的77％，在同一时期都有约157,000 BTC。

The lack of retail interest is also evident in Google search trends and app download rankings. Search volume for “Bitcoin” has now dropped to levels last seen in June 2024, when BTC was trading at around $66,000.

在Google搜索趋势和应用下载排名中，缺乏零售兴趣也很明显。现在，“比特币”的搜索量已下降到2024年6月BTC交易约66,000美元的最后一个水平。

To put this in perspective, search interest typically rises visibly when Bitcoin is approaching a new all-time high. In June 2024, the Coinbase app had fallen to 15th place in the financial category of the U.S. App Store.

从角度来看，当比特币接近新的历史最高时，搜索兴趣通常会明显上升。 2024年6月，Coinbase应用程序在美国App Store的财务类别中跌至第15位。

“This pattern of institutional accumulation coupled with retail apathy usually signals we’re still in the middle stages of a bull cycle, not the euphoric top,” said market expert Sarah Chen. “Historically, retail interest lags by about one week before surging when Bitcoin approaches a new all-time high.”

市场专家莎拉·陈（Sarah Chen）说：“这种机构积累的模式加上零售冷漠通常表示我们仍处于公牛周期的中间阶段，而不是欣快的顶级。” “从历史上看，当比特币接近新的历史最高水平时，零售利息落后了大约一周。”

BTC Technical Analysis Points To Imminent Breakout

BTC技术分析指出即将突破

Bitcoin’s price structure has formed a clear consolidation pattern that bears watching. Since early April, BTC has been forming a series of higher lows and higher highs, creating a stair-step pattern of consolidation followed by expansion. Each consolidation phase has featured:

比特币的价格结构形成了一种清晰的合并模式，可以观看。自4月初以来，BTC一直在形成一系列更高的低点和更高的高点，从而创建了巩固的楼梯状态，然后扩展。每个合并阶段都有特色：

Currently, Bitcoin is consolidating between an upper boundary of $105,700 and a lower support zone of $100,678. If the established pattern continues, BTC may retest the $100,000-$102,000 level before potentially breaking above $110,000 within the next week.

目前，比特币在上边界$ 105,700和较低的支撑区域之间的合并为100,678美元。如果既定模式继续进行，BTC可能会重新测试$ 100,000- $ 102,000的水平，然后在下周可能会损失超过$ 110,000。

Statistics from Glassnode, showing that Bitcoin’s Realized Cap has increased by $30 billion since April 20—rising at a 3% monthly rate in May to reach $900 billion—further support the optimistic thesis. Although this increase is slower than the 8% increase seen in late 2024, it demonstrates consistent investor confidence and fresh capital inflows.

GlassNode的统计数据表明，自4月20日以来，比特币的实现上限增加了300亿美元，5月以每月3％的速度增长到9000亿美元，这支持了乐观的论文。尽管这种增长比2024年底的8％增长慢，但它表现出一致的投资者信心和新的资本流入。

Moreover, the seven-day Simple Moving Average of Bitcoin’s Spot Volume Delta has turned positive and peaked on May 13, closely tied to the $5 billion mark. This increase in spot purchasing pressure, a rare occurrence this year, supports the notion of significant market belief in Bitcoin’s push past the $100,000 psychological barrier.

此外，比特币现场数量Delta的7天简单移动平均线在5月13日达到了阳性，并与50亿美元的大关紧密相关。今年很少发生的现货购买压力的增加支持了市场对比特币超越100,000美元的心理障碍的巨大信念的概念。

Short-Term Technical Evidence Shows Mixed Signals

短期技术证据表明信号混合

Despite the overall optimistic outlook, short-term technical indicators suggest some caution. On the hourly chart, a breach below a connecting positive trend line provides support at $103,600. With bears remaining active around the $102,850 level, Bitcoin is currently trading below the 100-hour Simple Moving Average.

尽管有整体乐观的前景，但短期技术指标表明有些谨慎。在每小时图表上，连接正趋势线以下的违规行为可提供103,600美元的支持。由于熊在102,850美元的水平左右保持活跃，比特币目前的交易低于100小时的简单移动平均线。

Looking ahead, immediate resistance lies at $103,600, while crucial resistance is anticipated at $104,200. A strong breakout above $105,000 could accelerate the rising trend toward $106,500 and potentially even $108,000. However, failure to clear the $104,200 resistance might set the stage for further downside, with support levels anticipated at $102,850, $101,750, and the psychologically significant $100,000.

展望未来，立即的阻力为103,600美元，而关键阻力预计为104,200美元。超过$ 105,000的强劲突破可能会加速上升趋势，即106,500美元，甚至可能达到108,000美元。但是，未能清除104,200美元的阻力可能会为进一步的缺点奠定基础，预计支持水平为102,850美元，101,750美元，心理意义重大100,000美元。

The hourly MACD is increasing velocity in the bearish zone, while the RSI has slipped below 50, indicating short-term bearish pressure.

每小时MACD在看跌区的速度增加，而RSI的速度低于50，表明短期看跌压力。

Bitcoin Price Predictions and Market Cycle Analysis

比特币价格预测和市场周期分析

Veteran trader Peter Brandt predicts that by August or September this year, Bitcoin might reach between $

资深商人彼得·布兰特（Peter Brandt）预测，到今年8月或9月，比特币可能达到$之间