Bitcoin Shows Bullish Reversal Signals in $65,000-$70,000 Range as RSI Diverges

Bitcoin showed signs of a potential bullish reversal in its $65,000 to $70,000 range this week, with a bullish divergence appearing on the one-hour RSI while price remained range-bound, Cointelegraph reports. Derivatives data pointed to strengthening risk appetite, with total open interest at $24.8 billion (up 18% over 30 days), funding rate at 0.008%, put-call ratio at 0.68, and 24-hour liquidations at $85 million; open interest growth was particularly strong on regulated venues such as CME Group, and options flows showed rising demand for calls with strike prices between $70,000 and $75,000. Analysts highlighted $68,000 as immediate resistance and $66,000 as key support, adding that a decisive move above $68,000 with sustained volume could open a path toward $71,500, with approximately $2.3 billion in liquidations estimated between $68,000 and $71,500; a breakdown below $66,000 or decisive break below $65,000 on high volume would invalidate the divergence and could accelerate losses toward $60,000.