P95G BTC Market Weekly Report — Week of 11/30/2020
The Bitcoin price went above $19,000 and advanced to $19,497. After forming a double-peak, the price quickly dropped below the previous support at $18,000 and reached $16,317. It stabilized at $17,000 and then steadily formed an upward trend to $18,400.
The current support is at $16,500. The market will try to test the $19,500 resistance again next week. The $20,000 level is a big resistance, as more buyers may take profit at that level. If the BTC fails to reach $19,500 again, it may fall back to $18,000 and continue to go sideways until the next direction is determined.
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.
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