Bitcoin (BTC) stabilized around $38,000 support on Wednesday, but upside appears limited towards $41,000. The choppy range over the past few days suggests indecision between buyers and sellers.
A breakout from the trading range would yield an upside target towards the next resistance level around $45,000. However, upside momentum has been weak, which means the corrective phase from May is not yet complete.
Bitcoin was trading around $39,200 at press time and is up 7% over the past seven days.