Bitcoin Price Predicted To Rise Due To 'Demand And Supply Dynamics,' Says Analyst As King Crypto Rebounds 10% In Last 7 Days
Bitcoin Price Predicted To Rise Due To 'Demand And Supply Dynamics,' Says Analyst As King Crypto Rebounds 10% In Last 7 Days
Bitcoin (BTC) is poised for a price surge as demand begins to outstrip supply, according to a prominent crypto analyst.
一位著名的加密分析師表示，隨着需求開始超過供應，比特幣（BTC）的價格有望飆升。
What Happened: "When supply exceeds demand, the asset's price tends to decline. Conversely, when demand outstrips supply, the price usually rises. These same principles apply to Bitcoin," crypto analyst Ali Martinez wrote on X on Thursday.
發生了什麼：“當供應超過需求時，資產的價格往往會下跌。相反，當需求超過供應時，價格通常會上漲。同樣的原則也適用於比特幣。” 加密分析師阿里·馬丁內斯週四在X上寫道。
The recent market dynamics, including a rise in the supply of BTC after it hit an all-time high of over $73,700 in March, led to a corrective phase that saw the price of Bitcoin drop below $57,000. This drop caused Bitcoin to fall below its "Short-Term Holder Realized Price," sparking market fear as short-term holders are more likely to sell based on price volatility, the analyst said.
最近的市場動態，包括比特幣在3月份創下73,700美元以上的歷史新高後供應的增加，導致了修正階段，比特幣的價格跌破了57,000美元。該分析師表示，這種下跌導致比特幣跌破其 “短期持有者已實現價格”，引發了市場的擔憂，因爲短期持有人更有可能根據價格波動賣出。
"The Short-Term Holder Realized Price, which currently stands at $60,500, served as an accumulation point despite investors' fears. Indeed, long-term holders felt comfortable adding more than 70,000 $BTC to their positions at these levels after realizing profits in March," he added.
“儘管投資者感到擔憂，但短期持有者的已實現價格目前爲60,500美元，仍是一個累積點。事實上，長揸者在3月份實現盈利後，對在這些水平上增加超過70,000美元比特幣的頭寸感到滿意，” 他補充說。
The Short-Term Holder Realized Price, which currently stands at $60,500, served as an accumulation point despite investors' fears.
Indeed, long-term holders felt comfortable adding more than 70,000 $BTC to their positions at these levels after realizing profits in March. pic.twitter.com/BARIqJM4xH— Ali (@ali_charts) May 16, 2024
儘管投資者感到擔憂，但短期持有者的已實現價格目前爲60,500美元，仍是一個累積點。
事實上，長揸者在3月份實現盈利後，對在這些水平上增加超過7萬美元比特幣的頭寸感到滿意。pic.twitter.com/bariqjm4XH— 阿里 (@ali_charts) 2024 年 5 月 16 日
Martinez now predicts that the demand for Bitcoin will soon surpass the supply, pushing Bitcoin value upwards. He pointed to the movement of over 30,000 BTC to private wallets for long-term holding since early May as evidence of confidence among holders in Bitcoin's future value.
馬丁內斯現在預測，對比特幣的需求將很快超過供應，推動比特幣價值上漲。他指出，自5月初以來，有超過3萬枚比特幣流入私人錢包進行長揸，這證明了持有者對比特幣未來價值的信心。
Why It Matters: Cryptocurrencies like Bitcoin, Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and Shiba Inu (CRYPTO: SHIB) have seen gains this week after increasing institutional interest in spot Bitcoin ETFs resulted in $1.3 billion inflows in the last two weeks.
爲何重要：比特幣、以太坊（加密貨幣：ETH）、狗狗幣（加密貨幣：DOGE）和柴犬（加密貨幣：SHIB）等加密貨幣本週出現上漲，此前機構對現貨比特幣ETF的興趣增加，導致過去兩週流入13億美元。
The next Bitcoin price target for bulls, according to "Bitcoin OG" Lluciano aka Lucky is $69,000. Crypto researcher Alex Wacy asked if it's "fair to assume that the way to $80K is now open?"
根據 “比特幣OG” 盧西亞諾又名Lucky的說法，多頭的下一個比特幣目標股價爲69,000美元。加密研究員亞歷克斯·韋西問道，“可以公平地假設通往8萬美元的道路現在已經打開了嗎？”
Price Action: Bitcoin is currently trading at $66,877.6, marking a significant 51% increase year-to-date.
價格走勢：比特幣目前的交易價格爲66,877.6美元，今年迄今已大幅上漲51％。