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BTC retest of 60k looks likely by month end
Considering the recent rejection from the 72k region and the lack of strong follow-through buyers, I'd put the probability of BTC retesting the 60k level by month-end at around 65-70%. We're seeing some on-chain data indicating potential profit-taking, and the overall macro picture isn't providing the tailwinds needed for a sustained push higher. A break below 65k would likely accelerate that move.
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The 60k retest is plausible, but I'm not convinced the on-chain data is as bearish as some are making it out to be. There's still a fair amount of accumulation happening in various segments.