While the entire market segment is once again becoming increasingly bullish, the Pi Cycle Top indicator has today given the signal for a top in this cycle of Bitcoin (BTC). This article will explore the intriguing question of what will happen to the Bitcoin price if it is proven right.First of all, it should be noted that the Pi Cycle Top indicator was developed retrospectively to find out how previous tops in the respective Bitcoin cycles could have been predicted. So far, it has not had to prove that it can predict such tops. But today, on 12 April 2021, he dares to put his abilities to the test.When we speak of the Bitcoin price’s various cycles, we refer to the 4-year processes characterized by the Bitcoin halvings. Each of the cycles has its bull run followed by a sharp correction. These corrections usually come suddenly and are very painful. Therefore, the Pi Cycle Top indicator was developed as a warning signal to predict just such tops at the end of a bull run.It shows that the Pi Cycle Top indicator would have retroactively determined the respective tops of the last two cycles with a temporal accuracy of 3 days. Simultaneously, however, we only have 3 data points available, which is another reason why the indicator and its ability to forecast tops should be treated with caution. But soon, we are a little brighter because, as the following figure shows, the Pi Cycle Top indicator has provided us with a fourth data point and, at the same time, launched the first attempt to use it to forecast a top for the Bitcoin price.But are there other indications besides this indicator that could support the assumption that we are dealing with the possible top for the Bitcoin price?First of all, it\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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