- The Pi Cycle Top Indicator suggests Bitcoin’s next major peak in February 2026.
- Historical data shows Bitcoin’s top price exceeding the indicator’s cross price.
- The projected cross price for February 2026 is $258K per BTC.
Bitcoin ’s price trends have often been predictable through key on-chain metrics. One such tool, the Pi Cycle Top Indicator, has historically signaled Bitcoin’s major peaks. According to recent projections, this indicator is set to cross in February 2026, potentially marking the next cycle top for BTC .
Understanding the Pi Cycle Top Indicator
Created by Philip Swift and featured in Bitcoin Magazine Pro, the Pi Cycle Top Indicator uses two moving averages to determine Bitcoin’s potential Market tops. Historically, whenever these moving averages cross, Bitcoin has reached a significant price peak shortly after.
In past cycles, Bitcoin’s highest price has tended to surpass the cross price of these metrics. This means that while the indicator’s projected cross price for February 2026 is $258,000 per BTC, the actual market top could be even higher.
Historically, Bitcoin has reached a major top when these two metrics have crossed together.
— On-Chain College (@OnChainCollege) February 20, 2025
They're currently projected to cross in February 2026.
BTC's top price tends to be higher than the cross price of these metrics, and the cross price in Feb 2026 is projected to be $258K… pic.twitter.com/tqaoitvDsC
What This Means for Investors
With Bitcoin’s historical trends aligning with this metric, investors and traders should take note of this potential cycle peak. While no indicator guarantees future performance, the Pi Cycle Top Indicator has been remarkably accurate in past bull runs.
As we approach 2026, Bitcoin enthusiasts and market participants will closely watch these metrics for confirmation of the next major top.
