BTC price inches from new surge at $71K — Bitcoin Pi Cycle Top metric

Bitcoin is consolidating immediately below a key bull market breakout level which sparked the rapid run to all-time highs in both 2017 and 2020.

Bitcoin (BTC) is eyeing a classic breakout move which preceded both the 2017 and 2021 all-time highs.

In a post on X (formerly Twitter) on April 12, popular trader Jelle flagged a key crossover due on Bitcoin’s Pi Cycle Top indicator.

Pi Cycle Top is a classic Bitcoin bull market observation tool. Consisting of two moving averages, it has consistently delivered macro top signals for BTC price action.

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