Bitcoin Holds Support Around 200-Week MA as Traders Eye $65K-$67K Zone

Bitcoin's price is maintaining support around its 200-week moving average after a strong weekly close, according to traders.

Some analysts believe that if this trend continues, Bitcoin could move towards the $65,000-$67,000 zone.

However, research from CryptoQuant suggests that spot demand remains weak, which could leave rallies vulnerable.

The Puell Multiple, a metric used to track miner earnings, is improving but analysts warn against calling it a 'generational low' too early.