比特币（$BTC）价格分析：强劲的价格走势将继续，还是已接近顶部？

比特币（$BTC）继续升至新高。周二，全球首屈一指的加密货币价格止步于 94,000 美元附近，再创历史新高。

Bitcoin price analysis: BTC buying frenzy continues, but where’s the retail?

比特币价格分析：比特币购买狂潮仍在继续，但散户在哪里？

Bitcoin price action hit another record high on Tuesday, stopping just short of $94,000. But is this buying set to continue, or is a top approaching?

周二，比特币价格走势再创新高，止于 94,000 美元附近。但这种买盘是否会持续下去，或者是否已接近顶部？

Bitcoin price action hit another record high on Tuesday, stopping just short of $94,000. Is this buoyant price action set to continue, or is a top approaching?

周二，比特币价格走势再创新高，止于 94,000 美元附近。这种强劲的价格走势是否会持续下去，还是即将见顶？

Buying frenzy continues

抢购狂潮仍在继续

At least as far as purchases of BTC go, things are extremely positive for those holding Bitcoin. Heavy buying has taken place over the last few days, and this looks as though it will continue.

至少就购买比特币而言，对于那些持有比特币的人来说，情况是非常积极的。过去几天出现了大量购买，而且这种情况似乎还将继续。

Michael Saylor’s MicroStrategy has bought almost 78,000 BTC, in two tranches, in less than two weeks. No sooner had MicroStrategy made the second purchase, the company announced that it was making a $1.75 billion debt offering with which to buy more.

Michael Saylor 的 MicroStrategy 在不到两周的时间里分两批购买了近 78,000 BTC。 MicroStrategy 进行第二次收购后不久，该公司就宣布将发行 17.5 亿美元的债券，以用于购买更多产品。

The idiom “it never rains but it pours” could be used to describe the frenzy of buying that is now taking place for the scarcest major asset in the world.

“从来不下雨，但倾盆大雨”这句成语可以用来形容现在对世界上最稀缺的主要资产的疯狂购买。

If just one company can buy up the equivalent of almost 6 months of Bitcoin issuance in the space of a couple of weeks, it has to be wondered what will be the state of affairs for the availability of Bitcoin into the next few months?

如果只有一家公司可以在几周内购买相当于近 6 个月发行量的比特币，那么人们不禁想知道未来几个月比特币的可用性会如何？

It can only be imagined the feeding frenzy that could take place if Senator Lummis is able to get the U.S. Bitcoin Strategic Reserve legislation through a republican dominated Congress and Senate.

可以想象，如果卢米斯参议员能够通过共和党主导的国会和参议院通过美国比特币战略储备立法，那么可能会出现疯狂的情况。

Retail no longer the buying force it was for Bitcoin

零售业不再是比特币的购买力

One perhaps sad aspect in all this positive news, is that this buying is being carried out in the vast majority by institutions. Many retail buyers and holders have been flushed out of the market, and future buying is predicted to be on behalf of company treasuries, pension funds, hedge funds, family offices, etc, etc.

在所有这些积极消息中，一个也许令人悲伤的方面是，这种购买绝大多数是由机构进行的。许多散户买家和持有者已被挤出市场，预计未来的购买将来自公司财务、养老基金、对冲基金、家族办公室等。

When Satoshi Nakamoto set the Bitcoin wheels in motion, he was certainly thinking that his invention was more to throw a lifeline to those poor individuals being ground down by the banking system, than huge multinational companies and their like.

当中本聪启动比特币时，他肯定认为他的发明更多的是为那些被银行系统压垮的穷人提供生命线，而不是大型跨国公司等。

Next BTC breakout could be soon

比特币的下一次突破可能很快就会到来

The short-term chart for Bitcoin shows that price action could be tracking within an ascending triangle. However, with the price action still continuing to develop, the position of the upper trendline is still not certain.

比特币的短期图表显示，价格走势可能会在上升三角形内跟踪。然而，随着价格走势仍在继续发展，上方趋势线的位置仍不确定。

What is known though, is that if the pattern is an ascending triangle, BTC does not usually carry on to the end of the triangle, and instead, is likely to break out before this, meaning that the breakout could take place very soon.

但众所周知的是，如果形态是上升三角形，那么 BTC 通常不会持续到三角形的末端，相反，很可能会在此之前突破，这意味着突破可能很快就会发生。

Could the bull market end early in 2025?

牛市能否在2025年提前结束？

The big picture for Bitcoin can be found on the 2-month chart. This shows the current huge candle body that is still growing, and has until the end of December before it is complete.

比特币的整体情况可以在两个月的图表上找到。这表明当前巨大的蜡烛体仍在增长，并且要到 12 月底才会完成。

That said, below this price action is the Stochastic RSI. This indicates that momentum is still in Bitcoin’s favour. However, the indicator lines are at the top, and they will cross down at some point. If one goes back to the 2017 bull market, it can be seen that the indicator lines stayed at the top for five successive candles, which is the equivalent of 10 months. If the current bull market matches this, there could be one more 2-month candle left in the tank. This could mean that the bull market ends early in 2025. Where could the BTC price get to by then? Or could there even be a double top as in the 2021 bull market?

也就是说，低于该价格走势的是随机 RSI。这表明势头仍然有利于比特币。然而，指标线位于顶部，它们会在某个点向下交叉。如果回到2017年的牛市，可以看到指标线连续5根蜡烛停留在顶部，相当于10个月。如果当前的牛市与此相符，那么罐子里可能还剩下一根两个月的蜡烛。这可能意味着牛市将在 2025 年提前结束。届时 BTC 价格会走向何方？或者是否会出现像 2021 年牛市那样的双顶？

The Relative Strength Index at the bottom of the chart is showing that BTC is now overbought. The indicator line could top out when it meets the descending trendline. Or, if the buying is frantic enough, the line could even penetrate the trendline and continue higher.

图表底部的相对强度指数显示 BTC 目前已超买。当指标线与下降趋势线相遇时，可能会见顶。或者，如果买盘足够疯狂，该线甚至可能穿透趋势线并继续走高。

Interesting times are ahead.

有趣的时刻即将到来。