According to @CryptoQuant, recent technical indicators show that Bitcoin's price action is following a consistent uptrend pattern, suggesting programmed performance in its recent movements. The presence of repetitive breakout setups and bullish chart formations has been identified, indicating strong momentum for BTC in the short term. Traders are advised to monitor these key setups closely, as historical data from CryptoQuant highlights that similar patterns have led to significant price rallies in the past. This information is critical for both short-term and swing traders aiming to capitalize on Bitcoin's ongoing upward momentum. Source: @CryptoQuant, Twitter.

According to Miles Deutscher, Bitcoin (BTC) is not yet digital gold, as it currently trades like a leveraged tech stock. This suggests that BTC exhibits high volatility similar to tech stocks, which could impact trading strategies focused on digital asset investments. Traders should consider these patterns when analyzing BTC's market behavior for better-informed decisions.