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BITCOIN PI CYCLE TOP

Is Bitcoin closing in on a cycle top?

This watches two of Bitcoin's price averages — a fast one and a slow one. When they meet, it has marked the top of past cycles within days.

Updated 18 hours ago
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The line climbs toward 1.0 as the fast and slow price averages converge. The blue markers show the rare moments they met — each landed within days of a cycle peak.

  1. Is Bitcoin closing in on a cycle top?

    Far from a top

    The fast and slow price lines are still wide apart — a long way from the level that has marked past cycle peaks.

  2. How close are the two price lines?

    $70K
    Fast line (111-day average)
    The quick-moving average that has to climb up to meet the slow one.
    $175K
    Where they’d meet
    Twice the slow 350-day average — the level a top signal needs.
    40%
    Of the way there
    How far the fast line has closed the gap. The signal fires at 100%.

  3. What’s changed lately?

    • Lately the fast and slow price lines have been drifting closer together — the gap is narrowing.
    • This signal has fired 4 times in Bitcoin's history — each landed close to a major cycle peak.
    • It is still sitting quietly, far from the level that has marked past tops.

  4. What would change this read?

    • If the fast price line keeps climbing toward the slow one and they meet, it would repeat the signal seen near past cycle peaks.
    • If the gap between them holds or widens, it stays quiet — this gauge spends most of its life saying nothing.
How much profit is the market sitting on? →
The cycle read from unrealized gains.
Priced above or below what people paid? →
Another cheap-or-expensive gauge.
How far below the all-time high? →
Distance from the last peak.
What did people actually pay? →
The network's average buy price.

Understanding Pi Cycle Top Indicator

The Pi Cycle Top indicator tracks two moving averages of Bitcoin's price: a fast one (the 111-day average) and a slow one (the 350-day average, doubled). For most of the cycle they sit far apart. The signal fires on the rare days the fast line rises up to meet the slow one.

In Bitcoin's history, those crossings have landed remarkably close to major price peaks — usually within a few days. That's why it's watched as a top-spotter. It says nothing about bottoms and stays silent for years at a time.

Think of it as a smoke alarm for cycle tops: quiet almost always, loud only when a top is near. Like any single gauge it isn't a guarantee — best read alongside the other cycle measures rather than on its own.