The price of Bitcoin has dipped below the significant $70,000 mark following a weekend drop, after a notable surge in the previous week. Alongside Bitcoin, altcoins and meme tokens like Pepe, Notcoin, and GameStop also saw benefits from this rise. If Bitcoin stabilizes around $68,000, there is potential for increased investor interest in anticipation of another attempt to reach all-time highs. The upcoming US Federal Open Market Committee meeting on June 11 will focus on economic policies related to inflation and interest rates.Win Additionally, the release of the US Consumer Price Index (CPI) report on June 12, expected to remain at 3.4%, will provide insights for central bank officials regarding the economic outlook. Investors are advised to stay vigilant for potential market fluctuations throughout the week, although it is unlikely that the FOMC meeting will prompt changes in interest rates. Bitcoin's current position below key indicators such as the 20-day exponential moving average and the 50-day exponential moving average suggests a cautious stance. Despite being below the middle Bollinger Band, the narrowing of the bands indicates a possible breakout that could determine Bitcoin's direction as the market reacts to the CPI report and FOMC meeting. A breakout above the $69,642 resistance level could signal an upward trend, potentially pushing Bitcoin back above $70,000. However, failure to maintain demand above this level may lead to increased selling pressure, potentially driving Bitcoin below $68,000 and towards the $66,000 support level.