Bitcoin Price Tests $70,000 As MVRV Z-Score Signals Potential Bottom Still Ahead

Bitcoin recently failed to clear the $74,000 resistance and is now trading near $70,000 with limited bullish momentum. Analyst Ali Martinez highlighted on March 14 that the MVRV Z-Score, currently around 0.469 and historically important near -0.262, suggests the market could see further downside before a durable local bottom forms. Bitcoin is priced around $71,480, up over 1% in 24 hours and more than 6% over the past week.