#加密行情震荡 Bottom not yet formed: Bitcoin hovers around $70,000, three new signals emerge

From the short-term 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 may open a move towards $76,000, with the key turning point at $72,000. If it breaks below $68,300, it could potentially test $65,000 to $62,000. BTC may drop below 60k

From last October's new high of $126,000 to the current $70,000 level fluctuations, 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), the bottom-fishing zone below 0.45 has lasted nearly 50 days
3. SOPR, STH-SOPR continues below 1, LTH-SOPR continues at 0.75-1. BTC Mayer Index, below 0.8 has lasted nearly 50 days. However, compared to bottom-fishing indicators, the crypto industry's topping indicators may be more flexible.

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