Bitcoin's golden cross fails again: Instead of rallying after the signal formed, Bitcoin declined, and historical data shows gains often materialize in advance.
2026.09.11 20:21:17
Analysts note that Bitcoin formed a golden cross earlier this week, a technical indicator where the 50-day moving average crosses above the 200-day moving average, typically seen as a precursor to a bullish trend. However, this signal failed to materialize again: before the cross formed, Bitcoin had rallied from $62,000 to $82,000, and after the cross appeared, it instead pulled back from around $80,000 to near $77,000. Historical data shows Bitcoin tends to see most of its gains before a golden cross forms, with a pullback occurring shortly after the signal emerges, making the golden cross more of a lagging indicator. This pattern has repeated multiple times in the past: in July 2021, Bitcoin rallied from $35,000 to around $52,000 by September before forming a golden cross, then dropped to roughly $40,000; in early 2023, it rose from $16,000 to $23,000 and formed the cross in February, pulling back to about $20,000 in March; in October 2024, it climbed from $54,000 to $70,000 before the cross, then fell to around $67,000 by November; in April 2025, it bottomed near $76,000, rallied to roughly $110,000 in May, and after the cross formed, it corrected to about $100,000 in June. Analysts argue that while the golden cross is viewed as a long-term bullish signal, a significant portion of the gains may have already been realized by the time the signal emerges.
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