P95G BTC Market Weekly Report — Week of 11/30/2020

BTC/USD hourly chart

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.

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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