#加密行情震荡 Bottom Not Confirmed: Bitcoin Hovers Around $70K as Three New Signals Emerge

From the short-term chart, Bitcoin is forming a similar technical pattern to March 6-8, when the price rebounded after a pullback. If it quickly reclaims $70K, it could trigger a move toward $76K, with a critical pivot point at $72K. If it breaks below $68.3K, it could probe $65K to $62K. BTC may break below $60K.

From the all-time high of $126K in October last year to the current oscillation around $70K, BTC's price has been like 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 at 0.75-1. 4. 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 Bitcoin may be replaying the bottom pattern from 2022. According to NS3 reports, the bottom zone could begin in July, lasting approximately two months, with an upward surge triggered in September.