Bitcoin Crashes To $65,000—And Breaks A Historical Trendline In The Process

Bitcoin falls below $65,000.

Bitcoin is back at November 2021 levels as bullion and big-tech stocks all take a beating in the midst of new disappointing jobs hiring data.

Bitcoin Crashes To $65,000—And Breaks A Historical Trendline In The Process

Bitcoin (CRYPTO: BTC) has breaken below the critical 1,000-day exponential moving average for the first time since 2023, as $1.5 billion in net outflows over three days mark one of the most severe selling periods in recent history. The Historic EMA Break The 1,000-day EMA has historically acted as major long-term support during bull markets. Breaking below this indicator signals a potential shift from bull market structure to bear market or deep…

Bitcoin claws up to $65,000, set for largest weekly drop since late 2022

Bitcoin was ‍still set for its worst weekly performance since late 2022

$65,000 in Focus as Bitcoin Selling Pressure Accelerates

Key takeaways: Bitcoin is trading around the psychologically important $65,000 level Market sentiment has deteriorated into extreme fear Technical indicators show oversold conditions on the daily timeframe The $65,000 zone is shaping up as a key short-term support area The move has pushed the leading digital asset into a critical technical zone, with traders closely watching whether buyers can stabilize price action or if further downside follo…