Bitcoin sparks 'bull trap' warning after BTC price rejects at $76K

Bitcoin bulls failed to take out major resistance at six-week highs as open interest trends resulted in warnings over a BTC price reversal.

Bitcoin (BTC) faces turning its rebound into a classic “bull trap” as price rejects at strong resistance.

Key points:

Bitcoin faces flat Coinbase spot demand and an open interest divergence as prices rise above $75,000.

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