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

From the short-term chart perspective, Bitcoin is forming a technical pattern similar to March 6-8, when prices rebounded after a pullback. If it quickly reclaims $70,000, it could open a move toward $76,000, with a key turning point at $72,000. If it breaks below $68,300, it could potentially 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 like riding a roller coaster over just a few months.

Three New Signals📶

1. MVRV Z-Score, anchored value system collective deviation
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 between 0.75-1
4. BTC Mayer Multiple, below 0.8 has persisted for nearly 50 days. However, compared to bottom-fishing indicators, perhaps the exiting-top indicators in the crypto industry are more flexible.

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