Continuation of my previous posts on the pi cycle crossing indicator, which has been a very accurate indicator of tops in BTC for the past 3 cycles. This crossing has predicted the tops 3 days or less before the previous 3 cycle tops.
The pi cycle gap between indicators (green and gold lines on chart) is now $1,591 and has been closing at a nearly constant rate of $80/day, but this rate has slowed considerably since Dec, as can easily be seen on the chart. Nonetheless, if no event changes the current trajectory, the lines will cross in roughly 20 days, and a BTC top should occur within 23 calendar days.
Note that the pi cycle crossing may not be an accurate predictor of a top in the current cycle if you believe history does not repeat itself. However, a lot of macro projections of BTC's high price for this cycle are based on its price behavior in previous cycles. We could also have a double top, so I'm not predicting a top. I'm simply presenting facts and analysis.
For all we know, BTC could be at $100k in 20 days and the pi cycle crossing could end up being a self-fulfilling indicator. There's no way to know.
The pi cycle gap between indicators (green and gold lines on chart) is now $1,591 and has been closing at a nearly constant rate of $80/day, but this rate has slowed considerably since Dec, as can easily be seen on the chart. Nonetheless, if no event changes the current trajectory, the lines will cross in roughly 20 days, and a BTC top should occur within 23 calendar days.
Note that the pi cycle crossing may not be an accurate predictor of a top in the current cycle if you believe history does not repeat itself. However, a lot of macro projections of BTC's high price for this cycle are based on its price behavior in previous cycles. We could also have a double top, so I'm not predicting a top. I'm simply presenting facts and analysis.
For all we know, BTC could be at $100k in 20 days and the pi cycle crossing could end up being a self-fulfilling indicator. There's no way to know.