**Bitcoin Pi Cycle Top Indicator: Why is the 111DMA Important?**
**Pi Cycle Top for Newcomers 👇**
The Pi Cycle Top Indicator Pi primarily helps predict the cycle top of Bitcoin's market cycles.
When we look at past price movements, the 111DMA has acted as critical support, and whenever we have seen sustained movements above this level, we have witnessed the price moving upwards.
**Critical Resistance 📈**
The 350DMA(x2), on the other hand, has historically been the most critical and challenging resistance before bull cycles.
Looking at the current data, the 111DMA currently acts as strong support at 38412, while the 350DMA(x2) creates a critical resistance level at 61696.
**Personal Comments 🗯️**
The green boxes in the chart indicate cyclical peaks, while the red boxes show the positive process that begins when the price rises above the 111DMA again.
I don't expect the 111DMA to drop below this cycle unless there is an absurd situation, and even if it does, it will not be permanent.
When prices come above the 350DMA, you will witness Bitcoin being talked about even at your hairdresser's.
Thank you for reading 🙏
