Bitcoin Holds Above $65,000 as Market Awaits the Fed

Bitcoin traded above $65,000 on Monday as investors cautiously returned to risk assets ahead of the Federal Reserve's latest policy meeting. A weaker U.S. dollar and improving market sentiment helped support the recent rebound.

For now, Bitcoin is trading more like a macro asset than a crypto asset, with Fed expectations driving market sentiment.

Traders are now waiting for fresh signals on U.S. interest rates. A more dovish tone could encourage further buying, while a stronger dollar may limit upside in the short term.

From a technical perspective, Bitcoin continues to defend the $60,000 support area, with $66,000–68,000 remaining the next resistance zone. A successful breakout could bring $70,000 back into focus.

Momentum is improving, but buyers still need stronger confirmation before the rally can accelerate.

For now, investors are keeping a close eye on the Fed, U.S. economic data and ETF flows, all of which could determine Bitcoin's next major move.