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

From the short-term chart, Bitcoin is forming a similar technical pattern to that of March 6-8, when the price rebounded after a pullback. If it quickly reclaims $70,000, it could trigger a move towards $76,000, with a key turning point at $72,000. If it breaks below $68,300, it could test $65,000 to $62,000. BTC may break below 60k.

From the all-time high of $126,000 last October to the current oscillation around $70,000, BTC's price has been on a rollercoaster ride in just a few months.

Three New Signals📶

1. MVRV Z-Score: Collective deviation in value anchoring system
2. Ahr999 Index (9 God Index): Buying dip zone below 0.45 has continued for nearly 50 days
3. SOPR: STH-SOPR continues below 1, LTH-SOPR consistently in the 0.75-1.4 range. BTC Mayer Index: Below 0.8 has persisted for nearly 50 days. However, compared to buying dip indicators, perhaps the crypto industry's exit indicators 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.