$COIN Stock Reacts to Crypto Surge, Traders Eye $300 with BTC at $70,000

$COIN stock, associated with the price of $BTC, reached a peak of $280 when BTC was at $69,000. With BTC now above $70,000, $COIN is at $225. Traders speculate $300 by week's end. The stock has responded positively to the recent crypto bull run, showing a 5.5% increase and gaining 40 points since last week. Technical analysis suggests a potential breakout, retest, and bounce pattern, with traders adding longer dated calls. Despite the H1/65 min chart indicating overbought conditions, the daily chart looks promising, with the price expected to consolidate intraday.