How the Pi Cycle Top works
The indicator compares two moving averages: the 111-day MA and the 350-day MA multiplied by two (350 ÷ 111 is close to π, hence the name). When the faster 111-day line crosses above the slower line, Bitcoin has historically been within a few days of a major cycle top.
Limits
The signal fired near the tops of 2013, 2017 and April 2021, but it is based on only a few cycles and it says nothing about bottoms. Treat it as one warning light among many. The “gap to cross” tile shows how far the two averages still are from each other.