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Bitcoin at $70,000: The Three-Year Box Ends, A New Journey Begins!At the end of 2023, Bitcoin (BTC), after crawling along the 30-day moving average for 5 days and pulling the 7-day moving average back to the 30-day moving average, suddenly gained momentum, leaping upward and quickly breaking free from the "ground" of the 30-day moving average at $65,000. It decisively breached the "wall" of $70,000

In the second half of 2022, Bitcoin prices experienced significant fluctuations due to market fluctuations. At the beginning of May, the price of Bitcoin was nearly 40000 yuan, but it subsequently experienced a sharp decline and had dropped to nearly 25000 yuan by the end of July