Bitcoin Climbs Near $63.5K but Monday Could Wreck the Rally
BTC hit two-week highs over the weekend, but one trader is warning that Monday has a brutal history for Bitcoin price action.
Bitcoin pushed toward $63,500 over the weekend, reaching its strongest levels in nearly two weeks. That kind of momentum heading into a weekly close normally gets traders excited — but not everyone is popping champagne just yet.
At least one trader is waving a red flag about Monday. The warning is blunt: Bitcoin's Monday track record is "absolutely terrible." If history holds, that weekend pump could get faded hard once the new week kicks off and broader market participants start moving money around.
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This matters if you're thinking about adding exposure right now. Chasing a Saturday or Sunday rally into a notoriously weak day is a classic retail trap. The setup might look clean on the chart, but timing your entry around known calendar patterns is basic risk management that too many traders skip.
The bigger picture is that BTC is still trying to reclaim ground and build conviction above key levels. A two-week high sounds impressive, but it also means there's a chunk of overhead supply from traders who bought higher and are waiting to break even. That selling pressure doesn't disappear just because the weekend felt bullish.
Watch how Monday opens. If Bitcoin absorbs any early selling and holds its ground, that changes the narrative fast. But if the "terrible Monday" pattern plays out again, don't be surprised — and don't say you weren't warned. Continue reading at Cointelegraph.
