When Will Bitcoin Hit Its Next Peak?

10월 11일

The BTC weekly chart with the Pi Cycle Indicator has historically been a reliable tool in predicting major Bitcoin market cycle highs and lows. As shown in the chart, this indicator successfully marked the peak of Bitcoin bull runs and bottom of bear markets during the last three major market cycles.

The green markers on the chart labeled "Pi Cycle High" correspond to moments where Bitcoin reached its cycle top. These highs occurred during 2013, 2017, and 2021, right at the peak of major bull markets, suggesting the effectiveness of the Pi Cycle indicator in identifying sell zones.
The blue markers labeled "Pi Cycle Low" signal the exact periods when Bitcoin hit its bear market bottom, seen in 2015, 2019, and potentially in 2022. These points provided strong buy opportunities before the market entered a new bull phase.

Bitcoin currently trading above $62,000, the Pi Cycle Indicator has not yet signaled a new cycle high. This suggests that Bitcoin could still have further upside potential before reaching its next peak. If the historical pattern holds, we might expect Bitcoin to continue rising over the next year before the Pi Cycle High indicator signals the next top, potentially in mid to late 2025.

Keep a close eye on the Pi Cycle indicator, as it could once again provide crucial signals for a peak in this cycle.

Regards
Hexa