Technical analysis by iFix_Trader about Symbol BTC on 4/17/2025

Hey guysBitcoin has recently broken out of a long-term descending channel, which has caught the attention of many traders. Typically, once the price stabilizes outside of such a channel with confirmed candlestick closes, buyers enter the market in anticipation of a bullish move. However, it's important to be cautious.There is still a possibility that the price may retrace to a highlighted liquidity zone below, where it can gather enough momentum and liquidity for a stronger upward movement.Therefore, traders should be aware of potential false breakouts and wait for solid confirmations before fully committing to long positions.