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 Michaël van de Poppe (@CryptoMichNL), Bitcoin has successfully retested the previous resistance zone at $75,000, which now acts as a key support level, indicating a strong bullish setup for traders. This technical development suggests an ideal scenario for entering long positions, as confirmed by the price action shown on the referenced chart (source: Michaël van de Poppe, Twitter, May 3, 2025). Traders are closely monitoring this level for continued upward momentum, with the $75K support providing a significant foundation for potential price rallies.