Bitcoin's golden cross fails again:

After the signal is formed, the price falls instead of rising; historical data shows that the gains are often realized in advance.
Bitcoin formed a golden cross earlier this week, where the 50-day moving average crossed above the 200-day moving average, which is usually seen as a precursor to a bullish trend.
However, this time the signal failed to materialize again. Before the crossover occurred, Bitcoin had risen from $62,000 to $82,000, but after the crossover, it fell back from about $80,000 to around $77,000.
Historically, Bitcoin has often seen most of its gains before a crossover occurs, and a pullback occurs shortly after the signal appears, making the golden cross more of a lagging indicator.
This pattern has been repeated many times before.
Bitcoin rose from $35,000 in July 2021 to about $52,000 in September, forming a golden cross, before falling to about $40,000.
It rose from $16,000 to $23,000 in early 2023 and crossed in February, before falling back to around $20,000 in March;
It rose from $54,000 to $70,000 in October 2024 before crossing over, and then fell back to about $67,000 before November;
It bottomed out around $76,000 in April 2025, rose to around $110,000 in May, and then pulled back to around $100,000 in June after a crossover.
Although the golden cross is considered a long-term bullish signal, by the time it appears, a significant portion of the upward movement may have already occurred.

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