Bitcoin (BTC) is trading near $74,500 after a sharp recovery from early April lows, but multiple technical signals across timeframes suggest the rally may be losing steam at a historically significant resistance zone. The move marks a recovery of over 15% from the $64,000 area touched in early April, reigniting hopes of a broader trend reversal. Yet with price now wedged between a rising channel ceiling and a well-established supply zone, bulls will need to prove their conviction with a decisive breakout — or risk handing control back to the bears. Ascending Channel Meets Key Resistance On the daily chart, Bitcoin has been trading inside an ascending parallel channel since the February low near $62,000, steadily printing higher lows