Bitcoin is holding firm above $68,000 but has yet to break through the critical $69,000 level.
Analysts believe that a breakout from the seven-month accumulation pattern is imminent, fueling optimism among investors.
A sustained close above $68,000 would solidify the bullish outlook, and many are eagerly awaiting if Bitcoin can push beyond $70,000 and potentially challenge its all-time highs.
However, if Bitcoin fails to breach the $70,000 resistance, the market may enter a period of price consolidation or correction.