最近的比特币（BTC）集会

最近的比特币（BTC）拉力赛将其从$ 80K推到$ 90K

The recent Bitcoin (BTC) rally has pushed it from $80k to $90k, flipping crypto market sentiment bullish. However, a closer look at BTC’s energy value suggests a fair Bitcoin price is $130k instead of where it currently trades – $90k, a whopping 40% discount.

最近的比特币（BTC）拉力赛将其从$ 80K提高到9万美元，翻转加密市场情绪看涨。但是，仔细观察BTC的能源价值表明，公平的比特币价格为$ 130K，而不是目前交易的价格 - $ 90K，折扣高达40％。

According to Charles Edwards, founder of Capriole Investments, Bitcoin’s Energy Value is the “intrinsic value of Bitcoin as calculated by Joules of energy input only.” Based on this indicator, the fair value of Bitcoin price should be around $130k, but BTC’s price today trades at roughly $93k, which is a 40% discount.

Capriole Investments的创始人查尔斯·爱德华兹（Charles Edwards）表示，比特币的能源价值是“仅由能源输入的焦耳计算的比特币的内在价值”。基于此指标，比特币价格的公允价值应约为13万美元，但BTC的价格以大约93K美元的价格交易，这是40％的折扣。

“We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value.”

“我们在减半后一年，比特币的交易价格高达40％的折扣。”

Bitcoin Energy Value is at $130K. We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value. pic.twitter.com/kbqTgTPp5d

比特币能源价值为$ 130K。一年后我们是一年，比特币以其内在价值的40％折扣进行交易。 pic.twitter.com/kbqtgtpp5d

— Charles Edwards (@caprioleio) April 25, 2025

- 查尔斯·爱德华兹（@caprioleio）2025年4月25日

While this is an interesting proposition, a better look at fair value is the average cost required to mine a BTC. Based on MicroMacro data, this value stands at $96k, just $3,000 higher the current price of $93k

尽管这是一个有趣的主张，但更好地看公允价值是开采BTC所需的平均成本。根据MicromaCro数据，此价值为$ 96K，当前价格高3,000美元

Regardless of what is fair value, let’s explore Bitcoin technical analysis and what to expect next in the short and mid-term timeframes.

无论是什么公允价值，让我们探索比特币技术分析以及在短期和中期时间内的下一步期望。

On a daily timeframe, there are three key value areas to note. These zones are where 68% of the volume was traded when Bitcoin price consolidated for long durations.

在每日时间范围内，需要注意三个关键值。当比特币价格长时间合并时，这些区域是交易量的68％。

After the recent 20% rally in April, BTC is knocking on the lower limit of the $93k to $103k value area. If bulls manage to flip and hold above $93k, there is a good chance of price rotating back to the value area high of $103k.

在四月份最近的20％集会之后，BTC敲门$ 93K至$ 103K的价值面积。如果公牛设法翻转并持有超过$ 93,000，则很有可能价格旋转到价值面积高103k的价值面积。

On the other hand a rejection at 93k and reentry into the $81k to $88k zone will likely invalidate the recently created higher lows at $83k and revisit $81k. In a dire case, Bitcoin might look at the revisit the eight-month consolidation area where value extends from $70k to $60k. This is the third key value area.

另一方面，以93k的价格拒绝，重新进入了8.1 k至8.8k $ 88k的区域，可能会使最近创造的较高的低点无效，价格为83,000美元，重新访问$ 81K。在可怕的情况下，比特币可能会查看重新审视八个月的合并区，该区域的价值从$ 70K延长到$ 60K。这是第三个钥匙值区域。

The highest traded volume inside this range is around $65k, which many crypto analysts and traders expect to be the bottom should the uptrend fail to manifest.

此范围内的最高交易量约为65,000美元，如果上升趋势未能显示出来，许多加密分析师和交易者期望这将是最底层。