Bitcoin sparked mass long and short BTC liquidations while staying rangebound around $70,000 as analysis predicted a local support retest.

Bitcoin logged its first positive Coinbase Premium since mid-January as BTC stabilized near $70,000, signaling easing sell pressure in defensive markets.

Bitcoin price forecasts still favor lower macro lows as traders brace for US inflation data and renewed Japan-driven currency volatility.

Bitcoin price analysis stayed bearish on the outlook for BTC, predicting new macro lows in a repeat of the 2022 bear market.