Bitcoin Cycle Tops and Bottoms

November 2021 Bitcoin Cycle Peak

Bitcoin peaked at $67,542 on Nov 8, 2021. Cycle Altitude read 100 that day, from a Risk of 80 and a Time of 100. Altitude had first entered its extreme band 217 days earlier, on Apr 5, 2021. The detector committed to the pivot on Nov 22, 2021, 14 days after the extreme itself.

IndicatorReadingLow TargetHigh TargetGradeTarget Reached
Stock-to-Flow$67,542$77,637$77,6370Not reached
2-Year MA Multiplier$67,542$25,928$129,64250Not reached
Weekly MA Band$67,542$17,376$44,944100High target
Price Boundary$67,542$19,693$83,31550Not reached
Power Law$67,542$9,899$23,570100High target
MVRV Z-Score3.53-0.172.85100High target
Puell Multiple1.470.521.83100High target
RHODL Ratio12,31022917,10550Not reached
Net Unrealized Profit/Loss (NUPL)65%-10%63%100High target
Pi Cycle Top0.57--1.0050Not reached

These per-indicator readings are a replay of the current engine over the record up to 2021-11-08. The three headline scores in the fact sheet come from the daily point-in-time replay, which used only what was knowable each day. The two are different measurements of the same date and can differ.

Fact Sheet
Extreme date
Nov 8, 2021
Price
$67,542
Cycle Altitude
100
Risk
80
Time
100
Extreme band entered
Apr 5, 2021 (217 days before the turn)
Watch armed
Nov 6, 2021 (2 days before the turn)
Confirmed
Nov 22, 2021 (14 days after the extreme)
Price when confirmed
$56,384
Confirmed by
Cycle Altitude in its extreme band
Leg searched
Jan 9, 2019 to Nov 22, 2021