The Bitcoin price remains stuck below $69,000 over the past 10 weeks, but analysts say it is a healthy price action
Bitcoin (BTC) is on the cusp of entering price discovery, contingent on breaching the critical resistance at its previous all-time high of $69,000, according to crypto analysts.
BTC hit its peak of around $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 several attempts to break through, Bitcoin has remained below this threshold for approximately 10 weeks.
