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 30, 2021, 22 days after the extreme itself.

IndicatorReadingLow TargetHigh TargetGradeSaysTarget Reached
Stock-to-Flow$67,542$77,637$77,6370lowNot reached
2-Year MA Multiplier$67,542$25,928$129,64250neutralNot reached
Support & Resistance Band$67,542$48,565$51,829100highHigh target
Price Boundary$67,542$19,693$83,31550neutralNot reached
Power Law$67,542$9,899$23,570100highHigh target
MVRV Z-Score3.53-0.172.85100highHigh target
Puell Multiple1.470.521.83100neutralHigh target
RHODL Ratio12,31022917,10550neutralNot reached
Net Unrealized Profit/Loss (NUPL)65%-10%63%100highHigh target
Pi Cycle Top0.57--1.0050neutralNot 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 16, 2021 (-8 days before the turn)
Confirmed
Nov 30, 2021 (22 days after the extreme)
Price when confirmed
$57,097
Confirmed by
Cycle Altitude in its extreme band
Leg searched
Jan 9, 2019 to Nov 30, 2021