#加密行情震荡 Bottom Not Yet Formed: Bitcoin Hovering Around $70,000 Mark, Three Major New Signals Emerging

From short-term price charts, Bitcoin is forming a technical pattern similar to March 6-8, when prices rebounded after pullback. If $70,000 is quickly reclaimed, it could trigger a move toward $76,000, with the key turning point at $72,000. If it breaks below $68,300, it could potentially explore $65,000 to $62,000. BTC may fall 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 Major New Signals 📶

1. MVRV Z-Score, collective shift in anchored value system
2. Ahr999 Index (9 God Index), the bottom-fishing zone below 0.45 has persisted for nearly 50 days
3. SOPR, STH-SOPR continues below 1, LTH-SOPR continuously at 0.75-1. BTC Mayer Multiple, below 0.8 has persisted for nearly 50 days. However, compared to bottom-fishing indicators, the top-escaping indicators in 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 could begin in July, lasting approximately two months, and trigger a surge in September.