Bitcoin Rebounds to $70,300 Amid Bearish Sentiment

Bitcoin experienced a significant drop to a capitulation low near $60,000 before rebounding strongly to approximately $70,300. According to NS3.AI, key resistance levels are identified at $71,800 and $74,500, while support remains solid above $60,000. Despite the prevailing bearish market sentiment, technical indicators point to a potential short-term reversal if Bitcoin maintains gains above these resistance levels.