The post The Pi Cycle Indicator: A Deep Dive into Bitcoin’s Market Prediction appeared first on Coinpedia Fintech News
Analyst Rekt Capital has stressed the significance of the Pi Cycle top indicator in predicting Bitcoin’s bull market tops across various cycles. This indicator has shown remarkable accuracy in forecasting market tops, notably in the previous year.
In a recent video, he discussed the two key levels to monitor Bitcoin’s future movements. The analysis focused on the 111-day moving average, particularly observing how it had accurately anticipated a price breakout beyond $28,000. The discussion highlighted the historical oscillation patterns around this moving average, especially during pre-halving years.
The analysis suggested that, despite the upward momentum, a potential retest of the $28,000 level could still occur. Drawing parallels with previous pre-halving years, Rekt Capital explained how deviations and failed retests often transpire before the market stabiliz
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