$BTC Bitcoin is poised to enter price discovery if it can surpass the critical resistance level of its previous all-time high of $69,000, according to crypto analysts.

Bitcoin (BTC), currently trading at $68,458, reached its peak of approximately $69,000 during the 2021 bull run. This level was tested again on March 5, following the approval of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year.

Despite multiple attempts to break through, Bitcoin has remained below this threshold for about 10 weeks.