Bitcoin's Golden Cross Fails Again: Price Drops Instead of Rising After Signal Formation, History Shows Gains Often Priced In Early

BlockBeats news, September 11 — Analysts said Bitcoin formed a golden cross earlier this week, with the 50-day moving average crossing above the 200-day moving average, typically seen as a precursor to a bullish trend. But this time the signal once again failed to deliver. Before the cross formed, Bitcoin had already rallied from $62,000 all the way to $82,000, and after the cross appeared, it instead pulled back from around $80,000 to near $77,000. Historically, Bitcoin has tended to generate most of its gains before the cross forms, with a pullback occurring shortly after the signal appears, making the golden cross more of a lagging indicator.

This pattern has repeated multiple times before. In July 2021, Bitcoin rose from $35,000 to about $52,000 by September before forming a golden cross, then fell to around $40,000; in early 2023, it rose from $16,000 to $23,000 and formed a cross in February, then pulled back to around $20,000 in March; in October 2024, it rose from $54,000 to $70,000 before the cross, then fell back to around $67,000 before November; in April 2025, it bottomed near $76,000 and rose to about $110,000 in May, and after the cross formed, it corrected to around $100,000 in June. Analysts believe that although the golden cross is regarded as a long-term bullish signal, by the time it appears, a considerable portion of the gains may have already been realized in advance.