比特币（BTC）2025年5月的价格预测提出了混合图片

比特币在2025年5月的价格预测表现出了不同的情况，因为领先的加密货币交易接近94,338美元，反映了每日略微下降的略有-0.42％。

Bitcoin’s price prediction for May 2025 presents a mixed picture, as the leading cryptocurrency trades near $94,338, reflecting a slight -0.42% daily decline.Reporting on "Coinbase Premium Gap Shows US Investors May Be Pulling Back From Bitcoin"

比特币在2025年5月的价格预测表现出了不同的情况，因为领先的加密货币交易接近94,338美元，反映了每天下降的略有-0.42％。报告说：“ Coinbase Premium Gap显示美国的投资者可能会从比特币中退回比特币”。

While BTC holds near recent highs, analysis reveals short-term caution signs clashing with resilient on-chain support, shaping the potential price path this month.

尽管BTC几乎近在咫尺，但分析揭示了短期警告迹象与稳定的链上支撑冲突，并塑造了本月潜在的价格路径。

Coinbase Premium Dip Signals US Investor Caution for May

Coinbase Premium Dip表示美国投资者的注意

A key indicator of US market sentiment, the Coinbase Premium Gap, flashed a warning sign with a sharp -5.07 drop. This metric, which measures the price difference of BTC on Coinbase versus global exchanges, recently rebounded, indicating easing bearish pressure.However, the latest dip into negative territory points to a shift in sentiment, possibly as US whales take profits or rotate into cash.

美国市场情绪的关键指标，Coinbase Premium Gap，以急剧-5.07的速度闪烁了警告标志。该指标衡量了最近反弹的Coinbase与全球交换的BTC的价格差异，表明看跌压力缓解了看跌压力。

Historically, negative Coinbase Premium can precede price weakness. Seeing this selling pressure emerge as Bitcoin nears the critical $95k-$100k resistance zone could hinder immediate breakout attempts in May.

从历史上看，负面的溢价可以在价格弱点之前。看到这种销售压力的出现，因为比特币接近关键的$ 95K- $ 100K的阻力区可能会阻碍5月的立即突破尝试。

BTC Technical Analysis: Bollinger Bands & MACD Suggest Pullback

BTC技术分析：Bollinger Bands＆MacD建议回调

Bitcoin’s technical analysis also points towards a potential cooling-off period for May. BTC is pulling back from the upper Bollinger Band, which recently acted as resistance around $100,000.The price is still above the mid-band (20-day SMA) at $92,367, which now serves as critical short-term support. If this level holds, bulls may defend the $92K-$94K region and attempt a rebound.

比特币的技术分析还指向5月的潜在冷却期。 BTC从上布林乐队退回，该乐队最近在100,000美元的左右起着电阻。价格仍高于中期（20天SMA）的价格为92,367美元，现在是关键的短期支持。如果这个水平成立，公牛可能会捍卫92,000美元的$ 94K地区并尝试反弹。

On the other hand, the MACD line (blue) has crossed below the signal line (orange), and histogram bars have turned red - indicating a loss of bullish momentum. A close below the $92,000 level could expose BTC to a deeper retracement toward the lower Bollinger Band near $84,122.

另一方面，MACD线（蓝色）已越过信号线（橙色），直方图杆已变成红色 - 表明看涨势头的损失。低于$ 92,000的距离可能会使BTC向下Bollinger乐队的更深层次接近$ 84,122。

If BTC stabilizes above the mid-band and regains upward MACD momentum, the price could retest $96K, with a potential breakout toward $100K.

如果BTC稳定在中型上方并恢复了MACD势头，则价格可能会重新降低9.6万美元，并有潜在的突破到10万美元。

On-Chain Metrics Reflect Consolidation, Not Capitulation

链上指标反映合并，而不是投降

While technical and market sentiment indicators flash caution, Bitcoin’s on-chain fundamentals tell a more resilient story.

尽管技术和市场情绪指标急切地谨慎，但比特币的链基本面讲述了一个更具弹性的故事。

According to Glassnode, Bitcoin’s Market Value to Realized Value (MVRV) ratio has pulled back to its long-term mean of 1.74. Historically, this level has marked consolidation phases rather than egnals US Investor Caution for May

根据GlassNode的说法，比特币对已实现价值（MVRV）比率的市场价值已恢复到其长期平均值1.74。从历史上看，这一水平已明显合并阶段，而不是美国投资者的谨慎

A key indicator of US market sentiment, the Coinbase Premium Gap, flashed a warning sign with a sharp -5.07 drop. This metric, which measures the price difference of BTC on Coinbase versus global exchanges, recently rebounded, indicating easing bearish pressure.However, the latest dip into negative territory points to a shift in sentiment, possibly as US whales take profits or rotate into cash.

美国市场情绪的关键指标，Coinbase Premium Gap，以急剧-5.07的速度闪烁了警告标志。该指标衡量了最近反弹的Coinbase与全球交换的BTC的价格差异，表明看跌压力缓解了看跌压力。

Historically, negative Coinbase Premium can precede price weakness. Seeing this selling pressure emerge as Bitcoin nears the critical $95k-$100k resistance zone could hinder immediate breakout attempts in May.

从历史上看，负面的溢价可以在价格弱点之前。看到这种销售压力的出现，因为比特币接近关键的$ 95K- $ 100K的阻力区可能会阻碍5月的立即突破尝试。

BTC Technical Analysis: Bollinger Bands & MACD Suggest Pullback

BTC技术分析：Bollinger Bands＆MacD建议回调

Bitcoin’s technical analysis also points towards a potential cooling-off period for May. BTC is pulling back from the upper Bollinger Band, which recently acted as resistance around $100,000.The price is still above the mid-band (20-day SMA) at $92,367, which now serves as critical short-term support. If this level holds, bulls may defend the $92K-$94K region and attempt a rebound.

比特币的技术分析还指向5月的潜在冷却期。 BTC从上布林乐队退回，该乐队最近在100,000美元的左右起着电阻。价格仍高于中期（20天SMA）的价格为92,367美元，现在是关键的短期支持。如果这个水平成立，公牛可能会捍卫92,000美元的$ 94K地区并尝试反弹。

On the other hand, the MACD line (blue) has crossed below the signal line (orange), and histogram bars have turned red - indicating a loss of bullish momentum. A close below the $92,000 level could expose BTC to a deeper retracement toward the lower Bollinger Band near $84,122.

另一方面，MACD线（蓝色）已越过信号线（橙色），直方图杆已变成红色 - 表明看涨势头的损失。低于$ 92,000的距离可能会使BTC向下Bollinger乐队的更深层次接近$ 84,122。

If BTC stabilizes above the mid-band and regains upward MACD momentum, the price could retest $96K, with a potential breakout toward $100K.

如果BTC稳定在中型上方并恢复了MACD势头，则价格可能会重新降低9.6万美元，并有潜在的突破到10万美元。

On-Chain Metrics Reflect Consolidation, Not Capitulation

链上指标反映合并，而不是投降

While technical and market sentiment indicators flash caution, Bitcoin’s on-chain fundamentals tell a more resilient story.

尽管技术和市场情绪指标急切地谨慎，但比特币的链基本面讲述了一个更具弹性的故事。

According to Glassnode, Bitcoin’s Market Value to Realized Value (MVRV) ratio has pulled back to its long-term mean of 1.74. Historically, this level has marked consolidation phases rather than outright downturns. The August 2024 reset showed similar behavior, ultimately giving way to a price recovery.

根据GlassNode的说法，比特币对已实现价值（MVRV）比率的市场价值已恢复到其长期平均值1.74。从历史上看，这一水平已经明显合并阶段，而不是彻底的低迷。 2024年8月的重置表现出类似的行为，最终让位于价格恢复。

#Bitcoin's MVRV Ratio has pulled back to its long-term mean of 1.74, a key reset level historically associated with consolidation phases. This marks

＃比特币的MVRV比率已恢复到其长期平均值1.74，这是与合并阶段有关的关键重置水平。这标记