Bitcoin Consolidates Near Two-Week Highs as Traders Eye Key Support

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Bitcoin (BTC) approached two-week highs near $62,700, testing the 200-week moving average.
Traders noted a short squeeze and warned of historical Monday weakness, while renewed inflows into US spot Bitcoin ETFs and softer US macro data suggest potential tailwinds for crypto.

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Bitcoin (BTC) approached two-week highs near $62,700, testing the 200-week moving average. Traders noted a short squeeze and warned of historical Monday weakness, while renewed inflows into US spot Bitcoin ETFs and softer US macro data suggest potential tailwinds for crypto.

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