Tech Stocks Climb Before Thanksgiving, Robinhood Jumps 10%: What’s Driving Market Activity on Wednesday?

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Nov 26 2025

BTC+2.042%

DIA-7.076%

Should l Buy BTC?

Market Performance: Stocks were mainly higher at midday, with the Nasdaq 100 leading gains at 1.1%, as investors showed optimism ahead of the Thanksgiving holiday and the strong sales period for corporations.
Labor Market Data: Initial jobless claims fell to 216,000, indicating easing layoffs and supporting consumer confidence, contributing to positive sentiment across all eleven S&P 500 sectors.
Earnings Movers: Dell Technologies saw a 6.7% increase due to strong AI server demand, while Robinhood surged 10% after announcing plans for a new futures and derivatives exchange.
Precious Metals and Crypto: Gold and silver prices rose, with gold up 0.9% and silver nearly 3% higher, while Bitcoin showed signs of recovery, increasing by 3% to $89,000.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36425.103	48212.552	61160.853	72948.302	85896.603	97684.052	110632.353
Fibonacci	48212.552	57661.608	63499.245	72948.302	82397.358	88234.995	97684.052

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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