Bitcoin: Pi Cycle Top Indicator

With the Bitcoin Pi Cycle Top Indicator (created by Phillip Swift) likely crossing in the next few days, does it mean a dump is coming? Historically, the Pi Cycle Top Indicator for Bitcoin was within 3 days of the top. Since we first started covering this indicator a few months ago, it may be time for an update! The global top for Bitcoin was 25 days ago, so unless Bitcoin goes back above $61.6k or so, and then has a major crash within the next week, then the cross of this indicator will not come within 3 days of a major local top. We will certainly keep an eye on this indicator, but we must remember that no indicators retroactively fit necessarily have predictive power, although they certainly could. Where do you see the price of Bitcoin headed in the next few days? Let me know in the comments!

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31 Comments

    • Tops were also always above the 2-y MA multiplier and many other indicators don’t agree… So agreed, this doesn’t look like a good predictive model if there is such a thing for crypto… BTC indicator should be taken with a grain of sat….

    • Hey Ben. Do you think the price crash from C19 can be the reason by the PI Cycle top is coming now and not at the “real top”?

    • Ben – you have people impersonating you in the comments – I hope people aren’t stupid enough to fall for it…

    • My legitimate question is how do you personally account for things that have never happened before in our space until last year? Like all sorts of companies around the world buying crypto. Reason I ask is because we are using past data to help us along the way. But this data doesn’t count a lot that has been going on due to global economic issues.

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  1. The fact the everyone is aware of the pi cycle “prophecy” will keep it from coming true. Reminds me of the “Hindenberg Omen” in 2010 that failed to materialize for the stock market once everyone knew it was coming.

  2. Moving averages show you if the market is overbought or oversold. The idea is to buy oversold and sell overbought. New highs and Now lows will tell you if there is a Top or Bottom forming.

  3. im 100% agree with You, people looking one indicator and they get freak out… is so many others indicators showing us we still in the bull market a prefer trust 5 then 1 . all best

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