--- title: "Lifting the Offer: Bitcoin trading the week of November 30, 2015" description: Released every Monday, Lifting the Offer provides an in-depth bitcoin market recap and price outlook to prepare bitcoin traders for the week ahead. image: https://insights.paxos.com/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-11.30.2015.png --- [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Square.svg)](https://www.itbit.com/) [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Long.svg)](https://www.itbit.com/) [OPEN TRADING ACCOUNT](https://exchange.itbit.com/signup) [SUPPORT](https://www.itbit.com/contactus) [LOGIN](https://exchange.itbit.com/login) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) # [ITBIT TRADING BLOG](https://www.itbit.com/blog) ## Lifting the Offer: Bitcoin trading the week of November 30, 2015 November 30, 2015 at 3:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) ![Lifting-the-Offer-Week-of-11.30.2015.png](https://insights.paxos.com/hs-fs/hubfs/_itBit_LTO/Lifting-the-Offer-Week-of-11.30.2015.png?width=1000&name=Lifting-the-Offer-Week-of-11.30.2015.png "Lifting-the-Offer-Week-of-11.30.2015.png") The Bitcoin market has been on an incredible run over the past week, with prices up over 15%. The latest price jump was once again driven by Asia as the market tallied its largest intra-day price move on Thursday while US traders were enjoying the Thanksgiving holiday. The price could pull back this week as US traders re-enter the market and traders take profits.  [CHECK OUT OUR YEAR-END PRICE OUTLOOK FOR THE BITCOIN MARKET](https://www.itbit.com/blog/bitcoins-wild-ride-to-500-and-2015-year-end-outlook)   ![Tradeblock-11.30.2015.png](https://insights.paxos.com/hs-fs/hubfs/_itBit_LTO/Tradeblock-11.30.2015.png?width=908&name=Tradeblock-11.30.2015.png "Tradeblock-11.30.2015.png") ##### ***[Source: tradeblock.com](https://www.tradeblock.com)*** ### Bitcoin Price Recap Last week began quietly with the price of bitcoin stagnant in the low $320s. The market sprung into action Wednesday as technicals were breached and prices broke mid-November resistant levels on Thursday. Natural resistance was felt Friday with the market trading sideways in the $350s through Sunday morning  before jumping another 8% to close out the week.  The consolidation of prices over the past two and a half weeks has given traders a clear boost in confidence. Many traders have been waiting for this consolidation since the bull run in late-October-early-November saw [bitcoin hit $500 before tumbling 40%](https://www.itbit.com/blog/bitcoins-wild-ride-to-500-and-2015-year-end-outlook). Those wanting to see if prices could withstand post-sell off levels before making their next move may have gotten an answer last week.    [OUR LATEST BITCOIN RESEARCH DELIVERED TO YOUR INBOX. SUBSCRIBE TO ITBIT TRADING BLOG TODAY!](https://www.itbit.com/blog/lifting-the-offer-bitcoin-trading-the-week-of-november-30-2015#subscribe) ### Bitcoin by the Numbers ![Bitcoin-Price-and-Market-Cap-11.30.2015.png](https://insights.paxos.com/hs-fs/hubfs/_itBit_LTO/Bitcoin-Price-and-Market-Cap-11.30.2015.png?width=1037&name=Bitcoin-Price-and-Market-Cap-11.30.2015.png "Bitcoin-Price-and-Market-Cap-11.30.2015.png") ### Bitcoin Trading Week Ahead With US traders back in the market, we should experience a slight pull back as the buyers in the low $300s look to lock in 20-25% gains. It is unclear how much more upside there is in the near-term with many sellers looking to unwind long positions they have held since the late-October bull run.   Short-term support can be found at $360 while resistance stands at $385. ### Best Bits from Last Week - [Coindesk: Russia's Finance Ministry Wants to Ban Bitcoin, Not the Blockchain](http://www.coindesk.com/russia-ban-bitcoin-not-blockchain/) - [Nasdaq: Big Banks Are Hopping On Bitcoin's Blockchain Bandwagon](http://www.nasdaq.com/article/big-banks-are-hopping-on-bitcoins-blockchain-bandwagon-cm546238) - **[American Banker: Thank You for Not Smearing All Bitcoin Users, BIS](http://www.americanbanker.com/bankthink/thank-you-for-not-smearing-all-bitcoin-users-bis-1078008-1.html)** ***Bobby Cho** *is the Director of Trading at itBit and leads our* [*OTC Agency Trading Desk*](https://www.itbit.com/h/otc)*. Previously, Bobby was Vice President of Trading at SecondMarket where he helped create the first broker-dealer based institutional bitcoin trading desk. He has extensive experience in both bitcoin and securities trading with clientele ranging from Fortune 500 companies, hedge funds, asset managers and other financial institutions.**   ## Trade on itBit’s OTC Agency Trading Desk and Receive $50 ### Trading over 100 bitcoins? Use itBit’s OTC desk and receive $50 in bitcoin after your first trade!  ### Personalized Trading Support | Low Fees | Same-Day Settlement #### [![LEARN MORE](https://no-cache.hubspot.com/cta/default/424565/f966d116-49ad-4807-a82a-a7ba4bcbe627.png)](https://cta-redirect.hubspot.com/cta/redirect/424565/f966d116-49ad-4807-a82a-a7ba4bcbe627)     *\*All data and references are current as of 9:00AM EST on 11/30/2015.* *[Lifting the Offer Legal Disclaimer](https://insights.paxos.com/hubfs/_itBit_LTO/Lifting_the_Offer_-_Legal.pdf?t=1428961216609&t=1429305046006&t=1429914456000&t=1430514280949&t=1431121431128&t=1432670425436&t=1433193396507&t=1433598447041&t=1433979988407&t=1434988331422&t=1435616577297&t=1436799089921&t=1437165948432&t=1438380255567&t=1438901527874)* ### Bitcoin Trading Research Delivered to your Inbox ### Categories ### Subscribe to itBit Blog **Products** [itBit Exchange](https://www.itbit.com/exchange) [OTC Trading](https://www.itbit.com/otc) [Custody Services](https://www.itbit.com/custody) [Escrow Services](https://www.itbit.com/escrow) **Resources** [Market Data](https://exchange.itbit.com/markets) [Support Center](https://help.paxos.com) [API](https://www.itbit.com/api) [itBit Blog](https://www.itbit.com/blog) [Fees](https://www.itbit.com/fees) **Company** [About itBit](https://www.itbit.com/about-itbit) [Press](https://www.itbit.com/h/press) [Careers](https://www.itbit.com/h/careers) [Customer Support](https://www.itbit.com/contactus) [Legal](https://www.itbit.com/legal) **Crypto Assets** [Bitcoin](https://www.itbit.com/bitcoin) [Ethereum](https://www.itbit.com/ethereum) [Bitcoin Cash](https://www.itbit.com/bitcoincash) [Litecoin](https://www.itbit.com/litecoin) [Stellar Lumens](https://www.itbit.com/stellar-lumens) - [![](https://insights.paxos.com/hs-fs/hubfs/_00_PAXOS/Medium%20Updated.png?width=28&height=28&name=Medium%20Updated.png)](https://medium.com/paxos/itbit/home) - [![](https://insights.paxos.com/hs-fs/file-2672941852-svg/_itBit_Social_Icons/twitter-02.svg)](https://twitter.com/itBit) - [![](https://insights.paxos.com/hs-fs/file-2654911471-svg/_itBit_Social_Icons/linkedin-04.svg)](https://www.linkedin.com/company/itbit-pte-ltd) Copyright © 2020 Paxos Trust Company, LLC. All Rights Reserved. NMLS #1766787 Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.