Bitcoin traders are closely watching the $69,250 level heading into the 5 PM Eastern close, with momentum building after a strong intraday move.
The current price action has pushed Bitcoin back toward a key resistance zone, and a break above $69,250 would mark a continuation of the recent trend. Short-term positioning and increased volume throughout the day have added to expectations that the level could be tested before the close.
While price targets over such a short window remain uncertain, traders are focused on whether buying pressure into the afternoon session is strong enough to carry Bitcoin through that level by 5 PM Eastern
