OPN Intel
AS-OF
BTC$77,682MAYER1.12×200W1.20×PI-CYCLE41%DRAWDOWN-38%PUELL0.94×W-RSI56BMSB1.11×
AS OF 2026-08-30
← Indicators

Pi-Cycle Top

Are we near a cycle top, by the one signal famous for calling them?

Why we track it · The 111-day / 2×350-day cross flagged past cycle peaks within days — worth watching for that reason alone. The other side · Curve-fit to those very peaks. It is famous BECAUSE it fit history; nothing binds the future to it.

The Pi-Cycle Top compares the 111-day average to twice the 350-day average; a crossover to 100% has coincided with prior cycle tops.

41%Undervaluedas of 2026-08-30

The 111-day average is 41% of the Pi-Cycle top line (2× the 350-day average). A crossover to 100% or above has coincided with prior cycle tops; this is not a forecast.

Trace this number
111-day SMA$67,398as of 2026-05-12→2026-08-30
350-day SMA$81,331as of 2025-09-15→2026-08-30
111-day SMA ÷ (2 × 350-day SMA)= 41%

The arithmetic is auditable; whether it means anything is the “other side” above. Levels are the weekly file’s completed closes — the reading stitches the live spot when available, so an intraday value can differ.

Backtest it in the Time Machine →

History

Off daily closes through 2026-08-30 (btc-history.json, weekly automated refresh); the current reading stitches the live spot when available.

How it's computed

Divide the 111-day simple moving average of the close by twice the 350-day simple moving average, expressed as a percentage. A reading of 100% is the classic Pi-Cycle crossover. Computed off daily closes through the latest row in btc-history.json — a price-only series refreshed weekly by an automated, validation-gated pipeline, so the tail can trail the live market by up to a week between refreshes. The current reading stitches the live spot when available. This describes position, not a forecast.

Source bundled daily closes (public/btc-history.json)Processing midnight-UTC daily closes, completed days onlyLast updated 2026-08-30Next expected ~2026-09-06Pi-Cycle Top” in the glossary →

Evidence basis · n = 3 cycle tops it was fit to (2013, 2017, 2021)

Band guide

< 70%Undervalued
70%–90%Fair value
90%–100%Elevated
≥ 100%Historically expensive