Bitcoin
Panjang

Pi cycle indicator closing in on cross?

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The pi cycle indicator crossing has correctly predicted the last three BTC tops within 3 days of those tops. At the beginning of Jan, the two indicator lines (green, gold) were $6.7k apart, on Feb 1 they were $4.5k apart, and now they are only $2.08k apart, as can be seen in the graph. Fortunately, they have begun to move more in parallel due to BTC's recent drop. However, a steep rise in BTC price (like tonight) would cause the lines to re-accelerate this gap closing at the prior pace of roughly $80/day. This rate would cause a crossing in roughly 25 days and a potential top in 28 days. I'm very long and watching this indicator closely because it's been so dam accurate in the past.

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