Bitcoin Trades Around $70,700 as Indicators Point to Neutral Momentum and Accumulation

Bitcoin is fluctuating near $70,700 while the broader crypto market consolidates, with total capitalization around $2.41 trillion after a modest pullback. Short‑term charts show range‑bound trading between $70,400 and $70,900, and indicators such as RSI, MACD, and an MVRV ratio near 1.2 suggest neutral conditions and a developing accumulation phase above key support at $70,000.