Cycle Context

Bitcoin cycle top signals dashboard

Four widely watched Bitcoin cycle indicators, each checked against a documented threshold and summarized into one scoreboard. Built from the same backend-calculated series that power the Kodexius Data Library.

0 of 4 signals triggered
Updated: Oct 17, 2026

Pi Cycle Top

Not yet
-53.2%
111DMA $72,240 vs 350DMA ×2 $154,214
Our threshold: 111DMA at or above 350DMA ×2
As of Oct 14, 2026View full chart

MVRV Z-Score

Not yet
0.90
Mid-cycle zone (0 to 7)
Our threshold: Z-Score at or above 7
As of Oct 14, 2026View full chart

2-Year MA Multiplier

Not yet
0.92×
BTC $81,567 vs upper band (2Y MA ×5) $445,418
Our threshold: BTC price at or above 5× the 2-year moving average
As of Oct 14, 2026View full chart

Fear & Greed Index

Sentiment
Not yet
55 - Greed
Scale from 0 (Extreme Fear) to 100 (Extreme Greed)
Supporting sentiment signal: Extreme Greed at 76 or above
As of Oct 17, 2026View full chart

This dashboard is a context tool, not a top-caller. The thresholds are our documented choices based on how each indicator behaved in past cycles, and past behavior does not guarantee the next cycle looks the same. Nothing on this page is financial advice.

How to read the scoreboard

No single indicator has a clean record of calling Bitcoin tops, but several of them firing at the same time has historically been rare outside late-cycle conditions. That is the idea behind this scoreboard: instead of staring at one chart, check how many independent lenses (trend momentum, on-chain valuation, long-horizon price extension, and sentiment) agree that the market is running hot.

With zero or one signal triggered, the market is not in a configuration that resembled previous cycle tops. Two or more triggering together is historically unusual and worth attention, especially when the sentiment reading confirms rather than leads. Treat the count as context for position sizing and risk decisions, not as a sell signal on its own.

The signals, explained

Pi Cycle Top

Compares the 111-day moving average of BTC price with 2× the 350-day moving average. The upward crossover (the fast line moving above the slow one) came within days of Bitcoin's highs in April 2013, December 2013, and December 2017. In April 2021 it came within days of a local high as well, but the cycle's final high followed seven months later without a new crossover. Our dashboard shows the current spread between the two lines and flags the signal as triggered when the 111DMA is at or above the 350DMA ×2. See the full history on the Pi Cycle Top chart.

MVRV Z-Score

Measures how far Bitcoin's market cap has stretched above its realized cap (the aggregate cost basis of all coins), normalized by the historical volatility of market cap. Readings above 7 clustered around the 2011, 2013, and 2017 tops, and readings below 0 coincided with the bear market lows of 2011, 2015, 2018, and 2022. The 2021 cycle read lower: the score touched 7 only briefly in February and read about 5 and 3.5 at the April and November highs, because the volatility it divides by keeps widening as the history grows. We flag the signal at Z ≥ 7 and show the current zone alongside the raw value. Explore the MVRV Z-Score chart for the full picture.

2-Year MA Multiplier

Philip Swift's Investor Tool frames Bitcoin against its 2-year (730-day) moving average and a 5× extension of it. Price below the 2-year average historically marked accumulation zones; price above the 5× band coincided with the 2013 and 2017 peaks, while the 2021 highs stayed below it. We show the current multiplier (BTC price divided by the 2-year average) and flag the signal when it reaches 5×. The 2-Year MA Multiplier chart shows both bands over full price history.

Fear & Greed Index

A daily crypto sentiment score from 0 to 100, published by Alternative.me from volatility, market momentum and volume, social media, Bitcoin dominance, and search trends (its survey factor is currently paused). We treat Extreme Greed (76+) strictly as a supporting sentiment reading, not a top call: sentiment can stay greedy for months in strong trends. It is most useful when the structural signals above are already elevated. The Fear & Greed chart pairs the index with BTC price history.

Why thresholds are stated explicitly

Cycle indicators are easy to bend in hindsight, so every status on this page is computed from a fixed, documented rule - the same rule in every market regime. The thresholds come from how each metric behaved at previous cycle extremes, and they are conservative by design: this scoreboard should stay quiet through ordinary rallies and only light up in conditions that historically preceded major tops.

Two honest caveats. First, each indicator has effectively three or four historical cycle tops behind it, a small sample. Second, Bitcoin's market structure keeps changing (spot ETFs, institutional flows, diminishing returns across cycles), which can mute signals that worked in earlier eras. The 2021 cycle already showed it: the 2-Year MA Multiplier never reached 5×, and the MVRV Z-Score read only about 5 and 3.5 at the April and November highs, below the 7 it had touched briefly in February. Use the scoreboard to frame risk, and combine it with the underlying charts in the Data Library.