Tech Selloff Intensifies as Nvidia's Results Fall Short of Reviving Wall Street: Market Update for the Week

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Nov 21 2025

Should l Buy BTC?

Market Performance: Wall Street experienced a turbulent week, with the Nasdaq 100 dropping 2.2% despite strong earnings from Nvidia, as concerns about tech stock valuations and Federal Reserve policies grew.
Cryptocurrency Decline: Bitcoin fell sharply, dropping over 35% from its recent highs to nearly $80,000, reflecting a significant downturn in the crypto market amid ETF outflows.
Labor Market Insights: A mixed September jobs report showed job gains exceeding expectations but an increase in the unemployment rate to 4.4%, complicating market predictions regarding future Federal Reserve actions.
Consumer Sentiment: The University of Michigan's Consumer Sentiment Index hit its second-lowest level in over 70 years, indicating widespread discouragement among households due to high prices and declining incomes, although healthcare stocks, particularly Eli Lilly, saw gains.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 0 indicators are flashing buy, while 7 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 crypto.

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	55109.013	58809.647	62694.733	66395.367	70280.453	73981.087	77866.173
Fibonacci	58809.647	61707.392	63497.622	66395.367	69293.112	71083.342	73981.087

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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