Bitcoin falls back below $73,500 as RSI overbought, traders eye $72,000 support

Bitcoin dropped below $73,500 on Tuesday after reaching an intraday high near $76,000, the highest since Feb. 4, with the price down about 1.5% over 24 hours, CoinDesk reports. Traders are monitoring the Relative Strength Index, which remains overbought, as the market looks for support around $72,000 and potential consolidation in the $72,000–$74,000 range that could enable another push above $80,000. BTC had climbed more than 15% from its March 8 low near $65,000 before this surge, while BTC futures open interest rose 2% to a three-week high of 685,200 BTC and cumulative volume delta turned positive, with ETH futures showing similar bullish signals. In options markets, BTC put premiums remain above those for ETH, pointing to relatively stronger bearish positioning toward Bitcoin among traders.