Looking at the price action of BITCOIN, we can clearly see the finding some difficulties breaking the 61.5k support levels. Also if we look closely to the price action, we can see that Bitcoin is forming a bullish triangular pattern which us a clear sentiment for a price continuation to the upside. Nevertheless, we can the price of Bitcoin retracing around the 66.7k level because this area is a strong supply zone on the lower time frame. But if the price breaks this level with a high momentum candle, we should see price appreciating to the 73k levels and beyond. BITSTAMP:BTCUSD
Your point about the 66.7k level acting as a significant supply zone adds an interesting layer to the analysis. A retrace to this point could indeed test Bitcoin's short-term strength and resolve.