Bitcoin's Bullish Pattern Signals an Impending Altcoin Season

比特币的看涨模式预示着山寨币季节即将到来

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.

占主导地位的加密货币比特币（BTC）已形成看涨的“杯柄”图表模式。该形态的特点是圆底（杯形），随后是一段盘整或回调期（柄形）。该杯子的上限为 68,837 美元，手柄自 2024 年 3 月以来一直在开发。

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，手柄部分还呈现出下降的加宽楔形图案。此外，比特币在 50 周移动均线处找到了实质性支撑，防止其跌破 7 月份的水平。

Bitcoin Price Chart | Source: TradingView

比特币价格图表|来源：TradingView

Gold's Cup and Handle Pattern: A Precedent

金杯和手柄图案：一个先例

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.

一个引人注目的例子是金色的杯子和手柄图案。其月度图表显示了 2011 年 9 月至 2020 年 7 月之间的杯形形成，随后是手柄部分，导致看涨突破并在本月创下 2,485 美元的历史新高。

Gold Price Chart | Source: TradingView

黄金价格走势图|来源：TradingView

Supporting Factors for Bitcoin's Bullishness

比特币看涨的支撑因素

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.

强劲的基本面进一步支撑了比特币的看涨前景。机构投资者正在通过购买 ETF 来推动需求，美联储预计最早将于 9 月份降息。与此同时，四月份的减半事件限制了供应。

Analysts' Optimism and Potential Timeframe

分析师的乐观情绪和潜在的时间表

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.

分析师对比特币的前景仍持乐观态度。 Michael Saylor 是一位重要的比特币投资者，他预计比特币在他保守的情况下将达到 1300 万美元，在他最乐观的情况下将达到 4900 万美元。 CryptoQuant 创始人 Ki Young Ju 预测牛市周期可能会持续到 2025 年中期。

Bitcoin Bull Cycle Forecast | Source: Twitter @ki_young_ju

比特币牛市周期预测|来源：推特@ki_young_ju

Altcoin Season on the Horizon

山寨币季节即将到来

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

比特币的强劲突破预计将引发另一个山寨币季节。从历史上看，包括模因币在内的山寨币在比特币崛起期间蓬勃发展。

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

在山寨币季节，模因币的表现通常优于较大的同类币。 Pepe (PEPE)、Dogwifhat (WIF) 和 Popcat 等代币今年表现强劲。

Traders' Interest in Meme Coins

交易者对 Meme 币的兴趣

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.

交易者被迷因币所吸引，因为它们相对于比特币的价格较低。例如，以 0.011 美元购买 Book of Meme (BOME) 等代币比以 66,000 美元购买比特币便宜。模因币还表现出高波动性和交易量。