分析师预测，比特币可能在周期结束之前达到200万美元。

自从4月下降到75,000美元以下以来，比特币在涨幅超过40％以上以上的交易超过104,000美元以来，进行了令人印象深刻的复出。

Bitcoin has staged an impressive comeback since plunging below $75,000 in April, now trading above $104,000 after a more than 40% surge.

自从4月下降到75,000美元以下以来，比特币在涨幅超过40％以上以上的交易超过104,000美元以来，进行了令人印象深刻的复出。

But with momentum building, some analysts believe the rally is just getting started. One lesser known market watcher known as Mr. Wall Street has laid out a bold prediction: Bitcoin could yet hit $200,000 before this market cycle concludes.

但是，随着动力的建设，一些分析师认为集会才刚刚开始。一位鲜为人知的市场观察家被称为华尔街先生，提出了一个大胆的预测：在这个市场周期结束之前，比特币可能会达到200,000美元。

According to his analysis shared on social media, two key dynamics are driving the current run. First, a reported shortage of Bitcoin at over-the-counter (OTC) desks has forced institutional players to turn to public exchanges, triggering a sharp increase in demand and price.

根据他在社交媒体上分享的分析，两个关键动态正在推动当前的运行。首先，据报道，非处方（OTC）办公桌上的比特币短缺迫使机构参与者转向公共交流，从而引发了需求和价格的急剧上升。

Second, growing investor anxiety around macroeconomic factors — particularly changes to U.S. tariffs — has reignited interest in gold. Historically, Mr. Wall Street notes, a spike in gold investments has foreshadowed capital flowing into Bitcoin with a lag of about three months. Given gold’s significantly larger market cap, even a small shift in capital toward crypto can create disproportionate price movement in BTC.

其次，对宏观经济因素（尤其是对美国关税的变化）的焦虑不断增长，引起了人们对黄金的兴趣。 Wall Street先生指出，黄金投资的飙升预示了大约三个月的资本资本流入比特币。鉴于黄金的市值明显更大，即使将资本转向加密货币也可能导致BTC的价格不成比例。

This inflow trend is expected to continue playing out over the next few months, driving Bitcoin toward the $150,000–$180,000 range by the fall. The $200,000 level, in his view, would likely become the psychological ceiling for the cycle — similar to how the $100K mark acted in the past. After hitting that peak, the market could see a correction as early investors begin to lock in profits.

预计这种流入趋势将在接下来的几个月中继续发挥作用，到秋季，将比特币推向了15万美元至180,000美元的范围。在他看来，耗资200,000美元的水平可能会成为该周期的心理上限，类似于$ 10万美元的商标过去的行为。达到高峰之后，随着早期投资者开始锁定利润，市场可能会进行更正。

The projected post-peak phase includes a potential retracement of 50% to 70%, bringing BTC back toward $100,000 or even below. While such a drop may sound alarming, the analyst frames it as a typical and healthy part of the long-term market rhythm. For seasoned investors, that correction could present the next major accumulation window.

预计的峰值阶段包括50％至70％的潜在回波，将BTC带回了100,000美元甚至低于以下。尽管这样的下降听起来令人震惊，但分析师将其视为长期市场节奏的典型和健康的一部分。对于经验丰富的投资者来说，这种更正可能会呈现下一个主要的积累窗口。

This outlook is one of the more ambitious among current projections, but it underscores how sentiment has shifted in recent weeks — from short-term recovery to renewed belief in Bitcoin’s long-term trajectory.

这种前景是当前预测中最雄心勃勃的观点之一，但它强调了最近几周的情感转变 - 从短期恢复到对比特币长期轨迹的新信念。