Bitcoin pushed to its highest level in nearly two weeks over the weekend, nearing $63,500 into the weekly close, but traders flagged a historically weak start to the week that could test the rally’s momentum.
Weekend rally nears two-week high
The benchmark cryptocurrency advanced over the weekend to its strongest readings in roughly a fortnight, approaching the mid-$63,000s as the market headed into Sunday’s close. The move extended a rebound that has developed following a period of range-bound trading.
Monday’s track record prompts caution
Despite the weekend strength, some market participants warned that Monday price action has often been challenging for Bitcoin, a pattern one trader described as “absolutely terrible.” Historically, the first trading day of the week can introduce added volatility as liquidity returns, positions reset, and derivatives markets reconcile with weekend spot moves.
What to watch
- Price reaction during the U.S. trading session, which can set the early-week tone.
- Derivatives metrics such as funding rates and open interest for signs of overcrowded positioning.
- Any gaps between CME Bitcoin futures and weekend spot prices that may influence intraday direction.
- Momentum around recent local highs and lows that could define the short-term range.