Daily Market Update
Over the past few days, I have mentioned Bitcoin reclaiming $69,200 as a local bottom that I believe more firmly in Bitcoin. Yesterday, Bitcoin saw a fairly aggressive 4-hour rejection reclaim from that level and once again showed weakness around $68,250 (Monday's low). Remember, today is the monthly close, so this usually brings additional volatility. A pullback to the previous week's low of $66,000 looks like a strong possibility.