Technical analysis by ftdsystem about Symbol BTC on 4/7/2025

The 72,000–74,000 support zone has managed to hold, preventing Bitcoin from dropping to the lower boundary of the trend channel. The current setup now resembles more of a wedge formation, which increases the probability of a bullish breakout.That said, the broader trend remains intact, and until a confirmed breakout occurs, bears remain in control. Another test of the 72,000–74,000 support zone is likely. If it holds once more, bullish sentiment could receive a significant boost.Alternatively, if the trend breaks beforehand, Bitcoin may undergo a correction that retests the trendline at some point, potentially offering a solid buying opportunity.Over the medium term, I remain bullish on crypto.Bitcoin make one close above trend then today, it found support from that line. These are bullish signals.