Bitcoin (CRYPTO:BTC) is currently poised to maintain a crucial price level of $69,000 as it sees multiple candle closes over the weekend, according to recent analysis.

Following a strong first quarter, Bitcoin's price bounced back to $70,000 after the daily close on March 29, as the markets entered the final hours of an exceptionally bullish Q1.

This resurgence has positioned the previous all-time highs around $69,000 as potential support levels for Bitcoin as it heads into the weekend.

The late-day surge by approximately $1,000 was reportedly influenced by remarks from Jerome Powell, the Chairman of the U.S.

Federal Reserve, underscoring the significant impact of macroeconomic factors on cryptocurrency markets.