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Bitcoin: The REAL Meaning of This \The pi cycle bottom is a simple indicator that is based on two long-term moving averages: day SMA and day EMA. The signal lights up when. The Pi Cycle Top Indicator forecasts the cycle top of Bitcoin's market cycles. It attempts to predict the point where Bitcoin price will peak before pulling. Dubbed "Pi Cycle bottom," the indicator comprises a day simple moving average (SMA) and a period exponential moving average (EMA).