Bitcoin Rebounds Amid Bearish Signals and Rising Selling Pressure

Bitcoin experienced a rebound of nearly 9% from February 12 to 15, leading to increased futures open interest and funding rates as traders anticipated further gains. According to NS3.AI, this upward movement occurred within a bearish flag pattern, accompanied by hidden bearish divergence. Additionally, there was a sharp 90% increase in unrealized profits, indicating potential selling pressure. Key support levels are identified near $66,270 and $58,880, with a break below these levels possibly resulting in a 14% price decline toward $58,000.