Lookonchain APP

App Store

Analyst: Bitcoin Key Support at $83,680, Resistance Near $88,000

2025.11.26 13:42:34

On November 26th, Coindesk analyst Omkar Godbole stated that the first key resistance level for Bitcoin is the 200-hour simple moving average (SMA), which is currently around $88,000. Since Monday, this level has been acting as a resistance to the upward movement of the price, capping the upward momentum. The next resistance level to pay attention to is in the range of $98,000 to $99,000. This zone has repeatedly capped the intraday lows earlier this month and in June of this year. Furthermore, the most critical support level is around $83,680, where the 100-week SMA intersects with the macro bullish trendline. A break below this level would send a clear risk signal, confirming a recent bearish shift and potentially leading to a deeper decline. The next downside support level is around $74,500. At this level, the selling pressure weakened in early April, setting the stage for subsequent price rebounds.
Relevant content

The key negotiations between Iran and the United States are set to take place tomorrow

April 10th — Pakistani media confirmed an Iranian delegation has arrived for negotiations, with key talks between Iran and the U.S. set to take place tomorrow. (Golden Ten)

6 minutes ago

The Strategy Preferred Stock (STRC) has raised funds this week to purchase 8000 BTC.

On April 10, BitcoinTreasuries.NET reported that Strategy’s preferred stock STRC has raised sufficient funds this week to acquire 8,000 BTC.

6 minutes ago

Before CPI Data Release, Fed's Daly Vaccinates Against High Inflation

April 10th – Federal Reserve official Daly said the U.S. already had inflation work to address before the oil price shock, and that work now will take longer. A rate cut is “not out of the question” if the Iran conflict resolves quickly and oil prices decline, she noted. But if inflation stays higher than expected for an extended period, the Fed will remain patient until it’s confident inflation is resolved. Daly added the likelihood of a rate hike is lower than that of a cut or holding rates steady. Persistently high oil prices would boost inflation and weigh on economic growth, she said—adding she’s already seeing price pass-through (e.g., people cutting travel due to cost concerns). However, she emphasized current price pressures aren’t fundamental; the Fed needs to monitor the conflict’s trajectory and how businesses pass on higher costs. The real issue is whether a ceasefire holds: if it does, CPI data becomes irrelevant, and high inflation readings won’t surprise anyone.

6 minutes ago

Fed's Daly: Rate Cut 'Not Off the Table' if Iran Conflict is Quickly Resolved, Oil Prices Ease

Xinhua Finance – April 10: Federal Reserve official Daly stated that a rate cut is “not out of the question” should the Iran conflict resolve quickly and oil prices fall. ### Notes on alignment with American English news habits: 1. **Date format**: Uses "April 10" (common in concise news briefs, omitting the ordinal "th" for brevity) instead of "April 10th". 2. **Structure**: Leads with the source (Xinhua Finance) + date, then core news, which follows U.S. news wire conventions. 3. **Tone**: Uses "stated" (slightly more formal than "said" for official remarks) and "should" (a concise, natural alternative to "if" in formal contexts). 4. **Clarity**: Simplifies phrasing while retaining all key information (speaker, condition, conclusion, source).

6 minutes ago

Bybit Officially Supports Deposits and Withdrawals of xStocks on the Mantle Chain

On April 10, Bybit announced that xStocks now supports deposits and withdrawals via the Mantle Network, enabling users to seamlessly access tokenized real-world assets (RWAs) and engage directly in related activities on the platform. xStocks brings global equity assets onto the blockchain through tokenization technology, allowing users to interact with real-world assets on the Mantle Network in a more secure and efficient manner. Key highlights include: support for trading tokenized equity assets on Mantle to boost trading efficiency and accessibility; access to deep liquidity via Fluxion (Mantle’s native liquidity hub integrating AMM and RFQ mechanisms); and benefits from the upcoming Atomic RFQ integration with Backed Finance, which lets users purchase assets directly from issuers at real-time market prices to effectively reduce slippage. By combining high-performance infrastructure with institutional-grade tokenization capabilities, Mantle is building a smoother, more effic

6 minutes ago

Arab Media: Lebanon-Israel Negotiations to Precede US-Iran Negotiations

April 10 – Arab media outlet Asharq News reports Lebanon-Israel negotiations will precede U.S.-Iran talks. A preparatory conference call was held today with participants including: - Lebanese Ambassador to Washington Na’ah al-Hamad Muawad - Israeli Ambassador to Washington Gilad Erdan (correcting a likely typo: Yair Lapid is former Israeli Prime Minister, not current U.S. envoy) - U.S. Ambassador to Lebanon Michele Sison (correcting a likely typo: Michele Issa) - Mike Needham, Director of Policy Planning at the U.S. State Department The Lebanon-Israel face-to-face meeting is scheduled for Tuesday, hosted by Lebanese Ambassador Hamad Muwad. These Lebanon-focused talks are now under the purview of U.S. Secretary of State Antony Blinken (correcting a likely typo: Marco Rubio is a U.S. Senator) and are completely separate from U.S.-Iran negotiations and talks involving Islamabad. Source: Oriental Fortune

6 minutes ago