P95G BTC Market Weekly Report — Week of 11/23/2020

BTC/USD hourly chart

The Bitcoin price extended its gain for another week to reach $18,945 and then settled at $18,170. Given the strong upward momentum in the past weeks, it is possible for the price to approach $20,000 in the next 2 weeks.

The current support is at $18,000. In order to keep the current upward trend, the BTC price needs to stay above $18,000 and break the previous peak at $18,634. If the volatility remains high, the price would potentially break above $18,945 and extend its gain further. However, if the trading slows down, the price may settle in a range between $18,000 and $18,500 before the market determines the next trending direction.

Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

P95G:The management team consists of seasoned professionals who worked in the brokerage service industry, with a background ranging from equity and derivative trading to operations, asset management, and information technology. P95G provides services to financial institutions and individual investors in buying and selling cryptocurrencies, fiat currency (US dollar) and cryptocurrency transfers, and OTC (over-the-counter) trading in large amounts.

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Point95 Global

Point95 Global

World’s Leading Digital Asset Management Company

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