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

From the short-term chart perspective, Bitcoin is forming a similar technical pattern to March 6-8, when the price rebounded after a pullback. If it quickly reclaims $70,000, 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 test $65,000 to $62,000. BTC may break through $60,000.

From the new high of $126,000 in October last year to the current fluctuations around $70,000, BTC's price has been like riding a roller coaster in just a few months.

Three New Signals📶

1. MVRV Z-Score, collective shift in anchored value systems
2. Ahr999 Index (9 God Index), buy-the-dip zone below 0.45 has persisted for nearly 50 days
3. SOPR, STH-SOPR remains continuously below 1, LTH-SOPR continuously stays at 0.75-1.4. Bitcoin Mayer Multiple, below 0.8 has persisted for nearly 50 days. However, compared to buy-the-dip indicators, the crypto industry's profit-taking indicators may be more flexible.

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