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 DateBTC PriceCycle HighBTC PriceΔ Days
Apr 5, 2013$?142.30Apr 9, 2013$?230.004
Dec 5, 2013$?1,056.70Nov 30, 2013$?1,156.105
Dec 14, 2017$?16,341Dec 17, 2017$?19,9273
Apr 3, 2021$?58,931Apr 14, 2021$?64,81611

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