Bitcoin stayed above $64,000 on Monday and briefly touched $65,000, holding onto gains from last week's run to $67,000. The move comes as one analyst lays out a multi-week accumulation strategy and a trader spots a repeating pattern that could set up the next leg higher.
The $54K–$64K Buy Zone
Crypto analyst Doctor Profit has identified a buy zone between $54,000 and $64,000, with the 200-week moving average at the lower end. His strategy is to accumulate within that range rather than try to catch the exact bottom. The goal is an average entry around $58,000. He describes the current phase as a mid-term accumulation period that could last one to two months.
A Pattern of Pullbacks and Recoveries
Trader Ardi has been watching a sequence play out in recent weeks. Each pullback follows a similar script: a deep retracement, a full recovery, then a higher high. Examples include the move from $61,400 to $65,000 followed by a retrace to $61,700, and from $61,700 to $65,500 then a pullback to $62,400. Bitcoin hit $67,000 last week after these patterns. If BTC fails to reclaim $67,000, the bullish pattern may break. If it breaks above $67,000, the door could open to $69,000–$70,000.
Fed Meeting This Week
The Federal Reserve's policy meeting this week is the next big macro event for markets. Current pricing implies a 65% probability of unchanged rates, a 35% chance of a hike, and over 80% odds of a September hike. The decision could shift risk appetite across crypto and traditional assets.
For now, Bitcoin is testing the upper end of Doctor Profit's buy zone. Whether it can reclaim $67,000 and push toward $70,000 — or slip back into the accumulation range — may depend on what the Fed says on Wednesday.
