#加密行情震荡 Bottom Did Not Appear: Bitcoin Hovers Around $70,000 as Three 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 reclaims $70,000, it could open a move toward $76,000, with the key turning point at $72,000. If it breaks below $68,300, it may explore $65,000 to $62,000. BTC may break below 60k.

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 over just a few months.

Three New Signals📶

1. MVRV Z-Score, collective shift in anchored value system
2. Ahr999 Index (9 God Index), bottom-fishing zone below 0.45 has persisted for nearly 50 days
3. SOPR, STH-SOPR continuously below 1, LTH-SOPR continuously in the 0.75-1.4 range. BTC Mayer Multiple, below 0.8 has persisted for nearly 50 days. However, compared to bottom-fishing indicators, perhaps the top-calling indicators in the crypto industry are more flexible.

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