Jakarta, Pintu News – September is historically the weakest month for Bitcoin (BTC). Concerns are growing as analysts highlight the emergence of rare death cross signals on various major time frames.
A death cross occurs when the short-term moving average or a particular indicator drops below the long-term average. This pattern is often considered the first sign of a bearish trend. While it doesn’t always guarantee a market decline, the signal usually makes traders and investors more cautious.
Then, how is the current Bitcoin price movement?

On September 3, 2025, the price of Bitcoin was recorded at $110,920, which is approximately IDR 1,826,576,510, reflecting a 0.34% increase over the last 24 hours. During this period, BTC reached a low of IDR 1,786,188,015 and a high of IDR 1,840,497,827.
As of writing, Bitcoin’s market capitalization stands at around IDR 36.43 trillion, with a 7% increase in trading volume over the last 24 hours, reaching IDR 826.63 trillion.
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The initial warning came from the Market Value to Realized Value (MVRV) ratio, as explained by anonymous analyst Yonsei_dent on CryptoQuant.
MVRV is an on-chain metric that compares Bitcoin’s market capitalization to its realized value – i.e. the average price at which the coin last moved. A high ratio signals potential overvaluation, while a low ratio indicates possible undervaluation (worth more than its market price).

In a recent post on CryptoQuant, Yonsei_dent revealed that MVRV just formed a death cross pattern, where the 30-day moving average dropped below the 365-day average.
Historically, this kind of crossover often precedes a price correction. The pattern suggests that short-term enthusiasm is starting to fade compared to the long-term trend. For example, the MVRV death cross in 2022 coincided with a big drop amid a bear market.
“This is not to say that the same outcome will inevitably occur – the existence of Bitcoin ETFs has provided structural stability to the market. But history does not repeat itself, it just rhymes – and this signal from MVRV is still worth paying attention to,” Yonsei_dent explained.
The next signal came from Bitcoin’s weekly MACD indicator. MACD is used to measure momentum by tracking the difference between exponential moving averages (EMA).
A death cross pattern occurs when the MACD line drops below the signal line, which usually signals weakening buying pressure as well as increasing downside risks.

Historically, this indicator has been quite reliable in detecting both market peaks and prolonged corrections. Similar events in April 2024 and February 2025 were recorded to trigger declines of around 30%.
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“Death cross on Bitcoin’s weekly MACD $BTC. Historically, this is a warning of potential downside risks!” commented analyst Ali.
The third warning came from analyst Deezy, who highlighted the movement of Bitcoin’ s exponential moving averages (EMA).
He emphasized that the 20-day EMA has just declined and crossed below the 50-day EMA – a classic death cross pattern.
Deezy reminds us that the last time a similar event occurred was in February 2025, when the price of Bitcoin plummeted by 23%. If the pattern repeats, the adjustment this time could push the price down to around $86,000.
“The last time this happened in February 2025, BTC dropped 23%. If it happens again, a 23% drop from current levels could take Bitcoin to $86,000,” Deezy predicted.
Now, three death cross signals – MVRV, MACD, and EMA – appeared together in September 2025. This combination paints a cautious picture for Bitcoin’s prospects.
History shows that death crosses often trigger volatility. However, in a strong bull market, the signal can also be a false alarm. This time, the situation is even more crucial as investors are waiting for the Federal Reserve’s September interest rate cut decision – a move that is expected to boost sentiment towards cryptocurrencies.
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