Bitcoin price appears "golden cross", BTC targets US$82,000 breakthrough

Core Insights

The price of Bitcoin (BTC) remains around US$78,600 while forming a golden fork. Despite stronger demand from exchange-traded funds (ETFs), BTC prices remain constrained by resistance of $79,500. Exchange deposit data suggests there are limited signs of selling by large holders.

On September 9, Bitcoin remained at around US$78,600 after forming a new gold fork. This crossover improved the trend structure, but BTC prices still failed to break through the resistance level of $79,500. The importance of this signal is that it appears accompanied by stronger demand for ETFs, and controlled exchange deposits also show signs of limited immediate selling pressure.

Bitcoin prices are limited by US$79,500 resistance.

CoinMarketCap data shows that Bitcoin trading prices on September 9 were approximately US$78,638. The asset price remains below the $79,500 level pointed out by trader That Martini Guy. He said if the four-hour close breaks out of that range, it could reopen space to $82,000. A loss of the current range of volatility could expose support at $70,500, followed by $67,200.

CoinMarketCap data shows that the price of Bitcoin was around US$78,439 at the close on September 8. This has kept BTC prices below the level above $81,000 recorded in early September. Therefore, under the current structure, further confirmation is needed to strengthen the bullish argument. BTC crypto assets are still hovering near resistance levels and have not produced a decisive breakthrough.

Bitcoin Price Gold Cross Improving Trend Structure

Bitcoin formed a golden cross after its 50-day moving average crossed its 200-day moving average. The crossover comes after months of weak short-term trends. Coin Bureau pointed out that the 50-day moving average has been down from the 200-day moving average for nearly 280 days. The account stated that the last confirmed gold fork appeared in November 2025.

The latest signal follows Bitcoin's recovery from around $60,000 this summer. Because the gold forks rely on historical price data, they are lagging indicators. This limits its utility as an independent entry signal. Trader Killa said Bitcoin may retreat to around $70,000 while maintaining a higher-low structure. Killa compared the current trend with Bitcoin's range behavior in 2022. He said a similar pullback could return to the mid-point of the previous range. The trader also identified US$73,000 to US$74,000 as a possible continuation area. Its failure level is below the low of $57,000.

Crypto Rover proposes a deeper downside scenario based on the exponential moving average (EMA) strip chart. He said Bitcoin could first test back $72,000 before trying another round of recovery. This forecast is only a technical deduction of scenario analysis and does not establish that a decline is inevitable.

ETF demand supports Bitcoin price

Farside Investors data showed that the U.S. spot Bitcoin ETF attracted a net inflow of approximately US$3.83 billion. The calculation covers the period from August 17 to September 4. The dataset covers funds operated by BlackRock, Fidelity, Bitwise, Ark Invest and other issuers. Farside records showed net inflows of $606.3 million on August 20. The following September 3, net inflows reached $730.8 million. These trading sessions offset the impact of several weaker trading days over a three-week period. These inflows have strengthened demand-side drivers of Bitcoin's recovery, in contrast to the net outflow of $236.5 million recorded on September 1. During this period, BlackRock's iShares Bitcoin Trust contributed significantly. Farside records show the fund received $503 million in inflows on August 20. The fund attracted another $454 million on September 3. Fidelity's Wise Origin Bitcoin Fund also recorded positive capital flows during multiple trading sessions. This distribution shows that there is demand for multiple marketed products. However, ETF buying has not eliminated short-term technical downside risks. Bitcoin has still failed to establish a sustained position above nearby resistance levels.

Exchange flow shows limited instant selling pressure

CryptoQuant data provides another indicator of Bitcoin's market positioning. Analyst Woominkyu said that inflows from the top ten spot exchanges reached 5,442 BTC on September 8.

He pointed out that the reading was only 5.1% higher than the previous 30-day average. The seven-day average was 4,678 BTC. CryptoQuant defines exchange inflows as bitcoins transferred to exchange-controlled wallets. Higher inflows may increase potential seller supply. As a result, the latest readings show that there has been no unusual increase in large deposits during the Bitcoin recovery. This reduces the evidence of immediate distribution by large holders. Woominkyu said the September 8 increase was similar to a return to recent averages. He said it would make more sense if inflows continued to grow and prices fell. CryptoQuant analyst Crypto Dan also looked at the Exported Profit Ratio (SOPR). This indicator tracks whether the transferred coins are profitable or losing money.

A reading below 1 indicates that the coin is generally in a realized loss state. Crypto Dan linked prolonged readings below 1 to periods of market capitalization (capitulation/panic selling). Bitcoin now faces its next technical test near $79,500. Confirming a breakthrough could expose $82,000, while rejecting a breakthrough keeps the correlation between $70,500 and $67,200 significant.

This article is for reference only and should not be regarded as financial or investment advice. The cryptocurrency market is extremely volatile. Readers should conduct independent research before making investment decisions.