Using the moving averages for the Pi Cycle indicator...
Everytime we pumped out of a bear market, the price hits the top line or got very close (350 day x2 moving average)
And then retraces to the bottom line (111 day m.a)
Top line is currently at $45k... #Bitcoin
We can find also find mid cycle tops by looking at aSOPR 30 day moving average.
The previous 3 mid cycle tops had aSOPR at 1.04-1.06
The current level is at 1.014, so we still have room to run
#Bitcoin #Glassnode
There is also Percent supply in profit (30 day moving average)
The previous mid cycle tops had 88, 88, 91%
Current level is at 75%...still room to go up
#Bitcoin #Glassnode
