比特币（BTC）更新向上趋势，以其目前的历史最高高点为$ 110,000

比特币的更新上升趋势使旗舰资产成为了目前有史以来110,000美元的历史最高水平的焦点

Bitcoin (BTC) price has recently come close to testing the $159,000 resistance zone with buyers struggling to keep momentum going. As the cryptocurrency market continues to recover, new data from Alphractal suggests that this cycle could be breaking a key cycle top trend.

比特币（BTC）的价格最近接近测试159,000美元的电阻区，买家努力保持动力。随着加密货币市场的持续恢复，来自字母的新数据表明，这个周期可能会破坏关键周期的最高趋势。

Bitcoin Could Be Breaking A Key Cycle Top Trend

比特币可能会打破关键周期的最高趋势

According to the latest analysis from Alphractal, an advanced investment and on-chain platform, Bitcoin’s current market behavior might be putting a twist on one of the most reliable indicators of its cycle tops over the years.

根据Alphractal的最新分析，即先进的投资和链链平台，比特币的当前市场行为可能会扭转多年来最可靠的周期上最可靠的指标之一。

As the on-chain platform explained, this reliable indicator is the 2-year Simple Moving Average (2Y SMA). If the trends continue, it may signify a change in the way future tops are determined through this indicator, indicating a more mature and uncertain market structure.

正如链上平台所解释的那样，这个可靠的指标是2年的简单移动平均线（2y SMA）。如果趋势持续下去，它可能意味着通过此指标确定未来顶部的方式的变化，表明市场结构更加成熟和不确定。

According to Alphractal, Bitcoin’s cycle tops have historically occurred at progressively lower multiples of the 2Y SMA indicator, suggesting a slow consolidation and decreased volatility.

根据字母的说法，比特币的循环顶部历史上发生在2Y SMA指示器的逐渐倍数上，这表明巩固缓慢且波动性降低。

The first peak appeared at about 2Y SMA x15. In past cycles like 2017, the flagship asset reached its peak after hitting the 2Y SMA x10. In the 2021 cycle, it first reached 2Y SMA ×5 before dropping to 2Y SMA ×2.65 by the end of the cycle.

第一个峰出现在约2y SMA X15。在像2017年这样的过去周期中，旗舰资产达到了2y SMA X10之后达到了顶峰。在2021周期中，它首先达到2y SMA×5，然后在周期结束时降至2Y SMA×2.65。

The chart shows that BTC attempted to break past the 2Y SMA ×2.65 multiple in the ongoing cycle but could not succeed, which exhibits a reduction in gains and points to a more consolidated and mature asset. Present, the 2Y SMA ×2.65 level is situated at the $159,000 mark, and this will be the main obstacle for Bitcoin to go beyond if it develops traction again.

该图表显示，BTC试图在正在进行的周期中打破2y SMA×2.65的倍数，但无法成功，这表现出降低的增长，并指向更合并和成熟的资产。目前，2y SMA×2.65级别位于$ 159,000，如果比特币再次发展牵引力，这将是超越比特币的主要障碍。

As BTC charges toward this resistance zone, Alphractal has highlighted a key take in the current trend. With each new cycle, the platform points to the potential of extending gains far beyond the 2-year moving average, bolstering this market’s long-term strength.

随着BTC对该电阻区域的充电，字母刻度强调了当前趋势的关键。在每个新周期中，该平台都指出了扩大增益远远超过2年移动平均线的潜力，从而增强了该市场的长期实力。

BTC's Top For This Cycle Is Not Too Far Away

BTC在此周期的最高距离不远

On the other hand, on-chain expert and author Axel Adler Jr. has shed light on BTC's cycle peak using the MVRV-Z Top Pricing Bands. This metric is another crucial indicator for determining cycle peaks and bottoms over the years, with the help of the z-score standard deviation between market value and realized value.

另一方面，链链专家和作者Axel Adler Jr.使用MVRV-Z顶级定价频段阐明了BTC的周期峰。该指标是多年来确定周期峰和底部的另一个关键指标，借助Z分数标准偏差，市场价值和已实现价值之间的标准偏差。

With the market gradually stabilizing, Axel Adler highlighted that selling pressure is still unusually calm. Meanwhile, the MVRV-Z indicator readings show that BTC won’t reach its peak for this cycle until this Fall.

随着市场逐渐稳定，阿克塞尔·阿德勒（Axel Adler）强调，销售压力仍然异常平静。同时，MVRV-Z指标读数表明，直到今年秋天，BTC才能达到此周期的峰值。

In the meantime, the expert hopes that events like the Black Swan do not occur in the market before then in order for investors to enjoy the full ride of the final wave of buyer momentum without facing any disruption.

同时，专家们希望在此之前没有在市场上发生像黑天鹅这样的事件，以便投资者能够享受最终买家动力的全部旅程，而不会面临任何破坏。

At the time of writing, BTC’s price was changing hands at around $104,000 with a 1.91% increase in the last 24 hours. Its trading volume is slowly picking up pace alongside the recovery, rising by over 14% in the past day.

在撰写本文时，BTC的价格以104,000美元左右的价格易手，在过去24小时内增长了1.91％。它的交易量正在缓慢地达到恢复范围，过去一天上升了14％以上。