ChainCatcher report, according to CoinDesk, Bitcoin formed a golden cross earlier this week (the 50-day moving average crossed above the 200-day moving average), but it did not sustain an upward trend, instead retracing from around $80,000 to near $77,000. Notably, most of this rally had already occurred prior to the golden cross—Bitcoin had previously risen from $62,000 to $82,000. The article notes that similar patterns have occurred repeatedly in history: after the golden cross in 2021, BTC fell from $52,000 to $40,000; after the golden cross in February 2023, it dropped from $23,000 to $20,000; after the golden cross in October 2024, it slid from $70,000 to $67,000; and after the golden cross in May 2025, it pulled back from $110,000 to $100,000. Analysts believe that while the golden cross is regarded as a long-term bullish signal, it is essentially a lagging indicator—by the time the signal appears, a significant portion of the upward move has often already been realized.
Bitcoin's Golden Cross Fails to Signal a Sustained Rally, Historical Data Shows
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Summary
Today, Bitcoin’s price formed a golden cross as the 50-day moving average crossed above the 200-day moving average. However, the rally stalled, with BTC falling from $80,000 to $77,000. Most of the recent gains had already occurred prior to the signal. Historical data shows similar outcomes in 2021, 2023, 2024, and 2025. Analysts note that the golden cross may be a lagging indicator. Traders are now shifting their focus to altcoins to identify potential momentum shifts.
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