Bitcoin's Bullish Pattern Signals an Impending Altcoin Season

比特幣的看漲模式預示著山寨幣季節即將到來

Bitcoin (BTC), the dominant cryptocurrency, has formed a bullish "cup and handle" chart pattern. This pattern is characterized by a rounded bottom (the cup) followed by a period of consolidation or pullback (the handle). The cup's upper boundary was observed at $68,837, and the handle has been developing since March 2024.

占主導地位的加密貨幣比特幣（BTC）已形成一個看漲的「杯柄」圖表模式。此形態的特徵是圓底（杯形），接著是一段盤整或回檔期（柄形）。該杯子的上限為 68,837 美元，手柄自 2024 年 3 月以來一直在開發。

Significantly, the handle section also displays a falling broadening wedge pattern. Additionally, Bitcoin has found substantial support at its 50-week moving average, preventing it from falling below the level in July.

值得注意的是，手把部分也呈現出下降的加寬楔形圖案。此外，比特幣在 50 週移動均線處找到了實質支撐，防止其跌破 7 月的水平。

Bitcoin Price Chart | Source: TradingView

比特幣價格圖表|來源：TradingView

Gold's Cup and Handle Pattern: A Precedent

金杯和手柄圖案：一個先例

A notable example of the cup and handle pattern in action can be seen in gold. Its monthly chart exhibited the cup formation between September 2011 and July 2020, followed by the handle section leading to a bullish breakout and a record high of $2,485 this month.

一個引人注目的例子是金色的杯子和手柄圖案。其月度圖表顯示了 2011 年 9 月至 2020 年 7 月之間的杯形形成，隨後是手柄部分，導致看漲突破並在本月創下 2,485 美元的歷史新高。

Gold Price Chart | Source: TradingView

黃金價格走勢圖|來源：TradingView

Supporting Factors for Bitcoin's Bullishness

比特幣看漲的支撐因素

Bitcoin's bullish outlook is further supported by strong fundamentals. Institutional investors are driving demand through ETF purchases, and the Federal Reserve anticipates interest rate cuts as early as September. Meanwhile, the halving event in April has constrained supply.

強勁的基本面進一步支撐了比特幣的看漲前景。機構投資者正在透過購買 ETF 來推動需求，聯準會預計最快將於 9 月降息。同時，四月的減半事件限制了供應。

Analysts' Optimism and Potential Timeframe

分析師的樂觀情緒和潛在的時間表

Analysts remain optimistic about Bitcoin's prospects. Michael Saylor, a significant Bitcoin investor, projects the coin to reach $13 million in his conservative scenario and $49 million in his most bullish outlook. Ki Young Ju, founder of CryptoQuant, predicts the bull cycle could extend until mid-2025.

分析師對比特幣的前景仍樂觀。 Michael Saylor 是一位重要的比特幣投資者，他預計比特幣在他保守的情況下將達到 1300 萬美元，在他最樂觀的情況下將達到 4900 萬美元。 CryptoQuant 創辦人 Ki Young Ju 預測牛市週期可能會持續到 2025 年中期。

Bitcoin Bull Cycle Forecast | Source: Twitter @ki_young_ju

比特幣牛市週期預測|來源：推特@ki_young_ju

Altcoin Season on the Horizon

山寨幣季節即將到來

A robust Bitcoin breakout is anticipated to ignite another altcoin season. Historically, altcoins, including meme coins, thrive during Bitcoin's ascendance.

比特幣的強勁突破預計將引發另一個山寨幣季節。從歷史上看，包括模因幣在內的山寨幣在比特幣崛起期間蓬勃發展。

Meme coins often outperform their larger counterparts during altcoin seasons. Coins like Pepe (PEPE), Dogwifhat (WIF), and Popcat have demonstrated strong performance this year.

在山寨幣季節，模因幣的表現通常優於較大的同類幣。 Pepe (PEPE)、Dogwifhat (WIF) 和 Popcat 等代幣今年表現強勁。

Traders' Interest in Meme Coins

交易者對 Meme 幣的興趣

Traders are drawn to meme coins due to their low prices relative to Bitcoin. For example, purchasing a token like Book of Meme (BOME) at $0.011 is less expensive than acquiring Bitcoin at $66,000. Meme coins also exhibit high volatility and volume.

交易者被迷因幣所吸引，因為它們相對於比特幣的價格較低。例如，以 0.011 美元購買 Book of Meme (BOME) 等代幣比以 66,000 美元購買比特幣便宜。模因幣也表現出高波動性和交易量。