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.

(Excerpt) Read more Here | 2021-06-17 04:37:30
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.