BTC shows signs of bullish reversal within $65K-$70K range, analysis suggests

Bitcoin is showing the potential for a bullish trend reversal within its current $65,000 to $70,000 range, according to an analysis by Cointelegraph. The outlet noted that BTC is forming a bullish divergence on its one-hour chart, with the Relative Strength Index (RSI) making higher lows, while an increase in open interest (OI) has also been detected in the derivatives market. The analysis suggests that if BTC breaks above $68,000, a rally to the $71,500 resistance level could occur. Conversely, a drop below $66,000 could lead to a decline to as low as $60,000.