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“Buyers are in a hurry.” What will happen to Bitcoin in the next week?

On Sunday, November 26, Bitcoin (BTC) is trading at $37.7 thousand, its price has increased by 3% since the end of the previous week. Specialist and CFO of the ASTL investment project Konstantinas Sizovas analyzed the market situation and assessed the prospects for the movement of the Bitcoin rate over the next seven days.

In the past week, Bitcoin traded in the range from $35,632 to $38,414. At the same time, the key events of the week were, firstly, the news of a $4.3 billion fine for the Binance crypto exchange and the resignation of the head of Binance, Changpeng Zhao. The market reacted ambiguously to such news. Secondly, the expectation of the imminent approval of a Bitcoin ETF in the United States was the main factor in investor optimism and the rise in the price of BTC. And finally, the weakening of the US dollar. It clearly had a supporting effect on the price of Bitcoin. The growth of stock indices in the United States also had a positive effect on the dynamics of the price of Bitcoin.

On November 20, the price of Bitcoin closed at $37,448 after a slight increase of 0.24%. On November 21 and 22, there was a sharp drop in price to $35,632 amid news of a $4.3 billion fine for Binance and the resignation of Binance CEO Changpeng Zhao. However, by the end of Wednesday, November 22, Bitcoin recovered its losses and grew by 4.66%, closing at $37,408. Thursday and Friday were relatively quiet with minor price fluctuations around $37,500. 414. This was the highest value in the last 18 months. Buyers failed to gain a foothold at these high levels. Almost immediately after updating the high, there was a correction to $37,550. However, Bitcoin was able to stabilize above $37,500, maintaining most of the gains. At the end of the week, Bitcoin showed positive dynamics with an increase of 0.84%. As noted above, the main driver of the upward dynamics was positive expectations of the imminent approval of a spot Bitcoin ETF by the US financial regulator. The weakening dollar and the growth of stock indices in the United States also played into the hands of the bulls.

In principle, it is quite acceptable to believe that buyers are in a hurry to advance, despite the fact that a new phase of growth began on November 21. The bulls reversed the recent decline after the resignation of the CEO of Binance and needed to hold out for a couple of days. According to BitRiver estimates, this would allow buyers to rest a little in order to remove all “stops” on short positions, up to the $42 thousand mark. If the price stalls below the $38,500 level, then, most likely, we will remain below it until the beginning of winter. Of the important events in the new week, it is worth highlighting the US GDP for the quarter (the second assessment will take place on Wednesday) and the speech of the head of the US Federal Reserve, J. Powell (Friday). But, noting the fact that Bitcoin showed positive dynamics, despite the intermediate correction, and that the positive mood of market participants also remains, supported by the prospects of launching a Bitcoin ETF – these two circumstances, at least, give reason to expect a continuation of the upward trend in the medium term.

Against the backdrop of such trends, one of the legitimate and stable forms of investment in cryptocurrency mining is the ASTL investment project (Hong Kong), which allows investors to have the opportunity to directly invest fiat and cryptocurrency assets into stable passive income, which obviously exceeds inflation expectations and is not subject to any sanctions or blocking and confiscation. The ASTL project is a simple and elegant solution for potential investors – an investment in the development of the real sector of a diversified portfolio of cryptocurrencies, with a fairly high APR (up to 14%) with payments in stablecoin (USDT) and the possibility of a full return on investment through the subsequent sale of accrued ASTL tokens on leading crypto exchanges . Details can be found at

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