Crypto: Bitcoin Circles $70k As Coinbase Premium Sees First Green Spike In...

Bitcoin saw the first brief period of positive Coinbase Premium since mid-January as BTC price action stabilized near $70,000.

Bitcoin (BTC) saw stability after Monday’s Wall Street open as gold eyed new February highs.

Bitcoin price forecasts expect BTC to bounce between Fibonacci levels after major volatility.

The Coinbase Premium briefly enters positive territory for the first time in four weeks.

Crypto markets remain “defensive” across the board, says analysis.

Data from TradingView captured a curious absence of BTC price volatility, while traders were firmly in “wait and see” mode.

X analyst StefanB was among them, eyeing a “liquidity buildup into key levels” next.

“This is what I want to see next on $BTC, range game,” he told X followers, noting that such behavior tends to follow periods of high volatility.

An accompanying chart showed key Fibonacci levels of interest that should frame the short-term range-bound environment.

On low time frames, meanwhile, trader CW eyed an absence of sellers helping to stabilize BTC price during the US session.

Source: CoinTelegraph