{"id":473209,"date":"2022-07-12T16:22:28","date_gmt":"2022-07-12T13:22:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-indicator-that-marked-2015-and-2018-bottoms-is-flashing\/"},"modified":"2022-07-12T16:22:28","modified_gmt":"2022-07-12T13:22:28","slug":"bitcoin-price-indicator-that-marked-2015-and-2018-bottoms-is-flashing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-indicator-that-marked-2015-and-2018-bottoms-is-flashing\/","title":{"rendered":"# Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2893f6ef2bf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2893f6ef2bf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-indicator-that-marked-2015-and-2018-bottoms-is-flashing\/#%E2%80%9D_Bitcoin_price_indicator_that_marked_2015_and_2018_bottoms_is_flashing_%E2%80%9C\" >&#8221; Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-indicator-that-marked-2015-and-2018-bottoms-is-flashing\/#Whats_the_Bitcoin_Pi_Cycle_bottom_indicator\" >What&#8217;s the Bitcoin Pi Cycle bottom indicator?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-indicator-that-marked-2015-and-2018-bottoms-is-flashing\/#Only_the_third_time_in_history\" >Only the third time in history<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_price_indicator_that_marked_2015_and_2018_bottoms_is_flashing_%E2%80%9C\"><\/span>&#8221; Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>\n<div>Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whats_the_Bitcoin_Pi_Cycle_bottom_indicator\"><\/span>What&#8217;s the Bitcoin Pi Cycle bottom indicator?\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dubbed &#8220;Pi Cycle bottom,&#8221; the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market&#8217;s bottom.<\/p>\n<p>Notably, each time the 150-period EMA has fallen below the 471-period SMA, it has marked the end of a Bitcoin bear market. <\/p>\n<p>For instance, in 2015, the crossover coincided with Bitcoin bottoming out near $160 in January 2015, followed by an almost 12,000% bull run toward $20,000 in December 2017.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/5bc130ee-a966-42ca-836c-31b2d276e037.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD weekly price chart featuring &#8216;pi cycle bottom&#8217; indicator. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Similarly, the second 150-471 MA crossover in history marked the end of the 2018 bear cycle. It also followed a 2,000% price rally \u2014 from nearly $3,200 in December 2018 to $69,000 in November 2021.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Only_the_third_time_in_history\"><\/span>Only the third time in history<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week, Bitcoin&#8217;s 150-day EMA (at $32,332 as of July 12) is set to close below its 471-day EMA (at $32,208), thus logging the third Pi Cycle bottom in its history.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/0024cb76-8faa-43c2-8aed-9d8a0ea7dd7a.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD weekly price chart featuring the next potential\u00a0 cycle bottom. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The crossover <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears as Bitcoin wobbles around $20,000, after a 75%-plus price correction from its peak level of $69,000. <\/p>\n<p><strong><em>Related:\u00a0Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level<\/em><\/strong><\/p>\n<p>The BTC\/USD pair has been flirting with the level for almost a month, with the\u00a0latest MLIV Pulse survey <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-10\/bitcoin-faces-another-50-drop-wall-street-says-mliv-pulse\">noting<\/a> that its price has more possibility to fall toward $10,000 than rebound toward $30,000. <\/p>\n<p>The fears emerge due to an ongoing crypto market carnage led by the failure of several high-profile companies.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/de123cf0-d025-4aef-9354-b1d504c5392f.png\"><figcaption style=\"text-align: center;\"><em>MLIV Pulse Survey results on Bitcoin&#8217;s next trend. Source: Bloomberg<\/em><\/figcaption><\/figure>\n<p>Meanwhile, hawkish central bank policies that focus on removing excess cash from the economy have also spooked investors.\u00a0<\/p>\n<p>Nevertheless, Bitcoin could rebound to at least $30,000 if the given bottom fractal plays out. The interim upside target coincides with the 0.236 Fib line of the\u00a0Fibonacci retracement graph drawn from the $69,000-swing high to the $17,000-swing low, as shown in the chart above.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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What&#8217;s the Bitcoin Pi Cycle bottom indicator?\u00a0 Dubbed &#8220;Pi Cycle bottom,&#8221; the indicator comprises a 471-day simple&#8230;<\/p>\n","protected":false},"author":1,"featured_media":473210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvYjgxNGM3NmQtYTE5YS00ZTFjLWJmZWEtNDcyMzY4NzQ2ZWM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81951,74937,74982,75164,78261,73785],"class_list":["post-473209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-price","tag-btc-markets","tag-price-analysis","tag-tech-analysis","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/473209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=473209"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/473209\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/473210"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=473209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=473209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=473209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}