• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,791.00-0.40%
    BITCOIN
    24H : -0.40%
    Volume : $9,625,835,834.00
    Marketcap : $538,587,105,324.00
  • ethereumEthereum(ETH)$1,902.600.160%
    ETHEREUM
    24H : 0.160%
    Volume : $5,443,006,415.00
    Marketcap : $228,856,765,856.00
  • binancecoinBNB(BNB)$312.34-0.68%
    BNB
    24H : -0.68%
    Volume : $691,243,558.00
    Marketcap : $49,312,041,151.00
  • rippleXRP(XRP)$0.5045.07%
    XRP
    24H : 5.07%
    Volume : $1,479,069,973.00
    Marketcap : $26,184,693,507.00
  • cardanoCardano(ADA)$0.3800.400%
    CARDANO
    24H : 0.400%
    Volume : $182,046,891.00
    Marketcap : $13,331,245,889.00
  • dogecoinDogecoin(DOGE)$0.073-0.77%
    DOGECOIN
    24H : -0.77%
    Volume : $256,181,271.00
    Marketcap : $10,139,500,475.00
  • matic-networkPolygon(MATIC)$0.905-2.53%
    POLYGON
    24H : -2.53%
    Volume : $228,644,875.00
    Marketcap : $8,396,625,797.00
  • solanaSolana(SOL)$20.850.740%
    SOLANA
    24H : 0.740%
    Volume : $299,569,840.00
    Marketcap : $8,273,496,494.00
  • polkadotPolkadot(DOT)$5.480.110%
    POLKADOT
    24H : 0.110%
    Volume : $87,486,988.00
    Marketcap : $6,777,266,894.00
  • okbOKB(OKB)$47.11-0.03%
    OKB
    24H : -0.03%
    Volume : $3,866,325.00
    Marketcap : $2,826,405,632.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Bitcoin – Pi Cycle Top


March 21, 2021 · By Muhammad Awwal
Bitcoin (BTC)

Benjamin from the Cryptoverse has taken a look at the Pi Cycle Top indicator by Philip Swift. The Pi Cycle Top indicator identifies the Bitcoin top when two moving averages, the 111 days and the 350 days cross. There have been three crosses of these moving averages in history.

The two moving averages crossed in April 2013, it was considered a cycle top but was not the peak of the market, as it went on a bull rally towards the end of the year after a correction earlier. The moving averages crossed again in November 2013 and that was the peak of the market (1:00) 

There was another Pi Cycle Top four years later in December 2017 when the moving averages crossed once again and the market peaked. Historically crossing these moving averages have predicted the local top to within 3 days (1:30). 

This metric shows that the two moving averages are in fact converging and are about 2.5% apart at the moment. If we do have a correction in the next few weeks, then they will likely cross (2:00).

This model, however, is yet to prove it is predictive in any way, it was developed after prior bull markets.

This episode premiered on March 21st, 2021.

Primary Sidebar

LATEST NEWS

From LOL to OMG: The Wild Rollercoaster Ride of Memecoins

May 28, 2023

Beijing Releases Web3 White Paper To Fuel Digital Economy Innovation

May 27, 2023

Gemini Twins Cast Crypto Charms on Ireland Amid U.S. Regulatory Rainclouds

May 27, 2023

Altman’s Worldcoin Lands $115M to Decentralize Identity: AI Meets Crypto in a Big Way

May 26, 2023

DeSantis Joins Presidential Race, Pledges to Defend Bitcoin Against Regulatory Onslaught

May 25, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • 10 Million Steps into the Future: Reddit NFT Avatars Explode in Popularity May 29, 2023
  • From LOL to OMG: The Wild Rollercoaster Ride of Memecoins May 28, 2023
  • Beijing Releases Web3 White Paper To Fuel Digital Economy Innovation May 27, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in