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 correction phase.
Historical precedent is clear.
When Bitcoin loses this key moving average, it typically leads to extended consolidation or further downside.
Any bounce attempts face immediate resistance at $77,493 where the 1,000-day EMA now sits.
The Capital Flight
Spot data reveals catastrophic …Full story available on Benzinga.com
