#加密行情震荡 Bottom Not Yet Formed: Bitcoin Hovers Around $70,000 as Three Major New Signals Emerge

From the short-term trend chart, Bitcoin is forming a technical pattern similar to March 6-8, when the price rebounded after a pullback. If it quickly recovers $70,000, it could potentially trigger a move toward $76,000, with the key turning point at $72,000. If it breaks below $68,300, it could test $65,000 to $62,000. BTC may break below 6w

From the all-time high of $126,000 in October last year to the current oscillation around $70,000, BTC's price has been like riding a roller coaster in just a few months.

Three Major New Signals📶

1. MVRV Z-Score, collective shift in value anchoring system
2. Ahr999 Index (9 God Index), accumulation zone below 0.45 has persisted for nearly 50 days
3. SOPR, STH-SOPR continues to trade below 1, LTH-SOPR continues to range between 0.75-1
4. BTC Mayer Multiple, below 0.8 has persisted for nearly 50 days. However, compared to accumulation indicators, the escape top indicators for the crypto industry may be more flexible.

Analysts suggest that Bitcoin may be replaying the 2022 bottom pattern. According to NS3 reports, the bottom zone may begin in July, lasting approximately two months, and trigger a wave of gains in September.