- Bitcoin tops $66.7K as traders test resistance near $66.3K amid Fed caution.
- Five straight losing Mondays raise concerns that the latest rally may fade again.
- Analysts warn FOMC-driven volatility could send BTC back toward $60K support.
Bitcoin extended its recovery on Monday, climbing above $66,700 and posting a strong daily gain. The latest rally has improved market sentiment and pushed the cryptocurrency closer to a key technical resistance zone. However, several analysts remain cautious as historical price patterns and the upcoming Federal Reserve meeting continue to weigh on expectations.
BTC traded at $66,266 at press time, up 0.7% over the past 24 hours. Additionally, the asset gained 4.8% during the last seven days. The move lifted Bitcoin’s market capitalization to roughly $1.34 trillion while daily trading volume exceeded $36.7 billion.
Analysts Highlight Repeated Monday Weakness
Market analyst Linton Worm noted that Bitcoin has recorded losses on every Monday for the past five weeks. According to his data, BTC fell 4.39% on May 11, 3.15% on May 19, 7.19% on May 26, 20.19% on June 2, and 5.45% on June 9.
Worm believes market makers often push prices above weekend ranges before reversing direction. Consequently, he argues that the current move higher could represent another liquidity sweep before renewed selling pressure emerges.
Moreover, he pointed to the upcoming Federal Open Market Committee meeting on June 17. Many traders expect policymakers to maintain a restrictive stance as inflation remains elevated. Hence, some investors may reduce risk exposure ahead of the event.
Related: XRP Rebounds to $1.18 as Upbit Dominance Hits Two-Year High
FOMC History Raises Additional Concerns
Another analyst, TedPillows, highlighted Bitcoin’s performance following recent Federal Reserve meetings. His data shows BTC declined after each of the last six FOMC events.
Bitcoin reportedly fell 7.39% after the September 2025 meeting. The asset then dropped 28% in October, 10.8% in December, 34.2% in January 2026, 12.8% in March, and 5% in April.
While past performance does not guarantee future results, the trend has attracted attention. Additionally, traders often monitor these events closely because monetary policy decisions can influence liquidity conditions and investor sentiment.
Key Resistance Level Comes Into Focus
Technical analyst PrecisionTrade3 identified the $66,100 to $66,300 region as a significant resistance zone. He observed that Bitcoin recently produced a strong upward impulse, yet the move failed to alter the broader higher-timeframe structure.
According to his analysis, Bitcoin may attempt one final push toward resistance before momentum fades. If sellers regain control, the market could revisit the $60,000 support area. Moreover, a breakdown below that level could expose Bitcoin to a deeper decline toward the $56,300 region.
Related: Bitcoin Reclaims $65,000 as US-Iran Peace Deal Sends Oil Crashing
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