Bitcoin price traded near $69,000 on Monday, stabilizing after last week’s brief rally and then sell-off into the weekend. The cryptocurrency has remained resilient even as traditional equities and oil markets experience sharp swings.

Bitcoin price remains confined to the $62,500–$72,000 range following February’s sharp decline, with repeated attempts to break above $72,000 failing, according to Bitfinex analysts. 

A high of $74,047 on March 4 marked a brief breakout for the bitcoin price, but momentum could not be sustained, and the move was quickly reversed. The March 6 spike in negative realized profits of around $900 million shows that many investors exited positions…

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