Bitcoin has soared to new highs, touching our profit target at $68.6K perfectly, before a slight retracement. Currently, it is consolidating just below this level. It is reasonable to expect a bit of retracement or ranging at this point, after such strong momentum and new highs. From below, $66.3K should provide support, then $64.3K. The Kovach OBV is very strong, but is beginning to turn over potentially suggesting either consolidation or a retracement to come before we can consider higher levels. Our next target is in the $70K handle at $70.6K
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