The Pi Cycle Top Indicator is a technical analysis tool designed to identify potential Bitcoin market tops, which are periods when the price of Bitcoin might be at its highest point before a significant downturn.
The indicator uses two moving averages of Bitcoin's price:
- 111-day moving average (111SMA): A shorter-term moving average that represents the average price of Bitcoin over the past 111 days.
- 350-day moving average times 2 (350SMA*2): A longer-term moving average modified by multiplying the average price over the past 350 days by 2.
The Pi Cycle Top Indicator suggests that a Bitcoin market top could be near when these two moving averages cross. Historically, such crossovers have correlated with peaks in Bitcoin's price, making it a helpful tool for traders to consider when deciding to sell.
Historical Pi Cycle Top Indicator Data for Bitcoin
The table below includes data on when the two moving averages used in the Pi Cycle Top Indicator crossed in the past and the date and price for predicted cycle highs and actual cycle highs.
Pi Cycle Top Date | BTC Price | Cycle High | BTC Price | Δ Days |
---|---|---|---|---|
Apr 5, 2013 | $?142.30 | Apr 9, 2013 | $?230.00 | 4 |
Dec 5, 2013 | $?1,056.70 | Nov 30, 2013 | $?1,156.10 | 5 |
Dec 14, 2017 | $?16,341 | Dec 17, 2017 | $?19,927 | 3 |
Apr 3, 2021 | $?58,931 | Apr 14, 2021 | $?64,816 | 11 |
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