🔭 Bitcoin Long-Term Indicators

Live Binance BTCUSDT data: 200-week moving average, Mayer Multiple, Pi Cycle Top and drawdown on a log chart, plus days since halving vs the 2020 cycle.

Loading Data: Binance BTCUSDT daily and weekly candles (since 2017-08); KRW rate from Bithumb/Upbit

Latest readings

BTC price–

200-week SMA–

Mayer Multiple–

Pi Cycle ratio–

Drawdown from high–

Days since halving–

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BTC/USDT daily with long-term averages

Since 2017-08-17 · Binance

Binance's BTCUSDT history starts on 2017-08-17, so the 200-day line begins in March 2018, the 350-day line in August 2018 and the 200-week line in June 2021. The last candle is today's (UTC) daily candle, still forming. ▼Pi marks a Pi Cycle Top cross; ▲ marks a halving day.

Halving cycle comparison

Halving-day close = 100 · log scale

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Halving	Close that day	Index, same day count	High so far	From high

Halvings #1 and #2 predate Binance's BTC market, so the price comparison covers #3 (2020) and #4 (2024) only. The date of halving #5 is an estimate based on the block production pace.

Major drawdowns

20%+ below a record close · closed candles

Peak	Trough	Depth	Peak → trough	Back to peak
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Peaks are Binance daily closes, so they can differ from intraday highs on other exchanges.

Mayer Multiple distribution

Closed daily candles

Zone	Reading	Days	Last seen
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Pi Cycle Top crosses

111D > 2×350D · closed candles

Cross date	Close	Best in next 30d	Worst in next 365d	Crossed back
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The crosses near the 2013 and 2017 tops predate Binance's data and do not appear here. The 350-day line can be computed from August 2018.

For information only, not investment advice. Data comes from exchanges' public APIs and may be delayed or interrupted. Charts: TradingView Lightweight Charts™

What this tool does

Bitcoin has moved through large booms and busts roughly in step with its four-year halving cycle. This tool puts the five long-term indicators investors most often use to judge where the cycle stands (the 200-week moving average, the Mayer Multiple, the Pi Cycle Top, drawdown from the record high and the halving cycle) on one screen, computed from real Binance BTCUSDT daily and weekly candles, and shows how today's readings rank against the recorded history.

How it is calculated

Data: Binance BTCUSDT daily candles (from 2017-08-17) and weekly candles. The 200-week moving average is the simple average of 200 weekly closes; on the daily chart each day shows the average of the previous 199 weekly closes plus that day's close, which equals the weekly value when the week ends. 200-week multiple = price ÷ 200-week average; the line's 4-week change compares the 200-week average with its value 28 days earlier. Mayer Multiple = close ÷ 200-day simple moving average, with reference lines at 0.8 (often cited as historically undervalued), 1.0 and 2.4 (often cited as overheated); the distribution table uses 0.8, 1.0, 1.5 and 2.4 as boundaries. Pi Cycle Top compares the 111-day SMA with 2 × the 350-day SMA and marks closed daily candles where the 111-day crosses above; ratio = 111-day ÷ (2 × 350-day). Drawdown = close ÷ highest close to date − 1, and every decline of 20% or more from a record close is listed. Halvings: 2012-11-28, 2016-07-09, 2020-05-11 and 2024-04-20; cycles are compared as an index with the halving-day (UTC) daily close = 100 (100 × close ÷ halving-day close). The next halving is estimated for around April 2028, and 2028-04-15 is used for the countdown. The latest candles are fetched again every 5 minutes.

Start with 'Latest readings': price versus the 200-week average, the Mayer Multiple, the Pi Cycle ratio, drawdown from the record close and days since the halving.

On the log chart, see how far price sits from the 200-week and 200-day lines; use the period buttons (All, 4Y, 2Y, 1Y) and the moving-average buttons to keep only what you want.

Hover or tap the chart: the price, Mayer Multiple and drawdown panes all point at the same date and show that day's values.

In the halving comparison, check how many days have passed since the halving and how this cycle differs from 2020 at the same point, then read past drawdowns and the Mayer Multiple distribution in the tables below.

Things to know

A log chart draws moves of the same percentage at the same height. For an asset that went from a few thousand dollars to six figures, that is the only way to compare periods fairly.

The Mayer Multiple levels 0.8 and 2.4 are reference lines drawn from past cases, not signals. The distribution table shows how unusual today's value is.

The Pi Cycle Top crossed near the April 2021 high but did not cross at the November 2021 high, which is why long-term indicators are best read together.

Share the address bar link to open the same period, price scale and moving-average selection.

Frequently asked questions

Why is there no data before 2017?

Binance's BTCUSDT market opened on 17 August 2017, so there are no earlier candles. The 200-day line therefore starts in March 2018, the 350-day line in August 2018 and the 200-week line in June 2021. The 2013 and 2017 tops and the first two halving cycles cannot be shown here.

Why does the 200-week moving average get so much attention?

It is the average price over roughly four years, one halving cycle, so it is widely quoted as a long-term floor. Several past bear-market lows formed near it, but price has also stayed below it for months, as in 2022. The tool therefore also shows how many closed weekly candles finished below the line.

What is the Mayer Multiple?

An indicator introduced by Bitcoin investor Trace Mayer: price divided by the 200-day moving average. Above 1 means price is above the 200-day line, below 1 means under it. Readings below 0.8 are often cited as historically undervalued and above 2.4 as overheated, but these are reference values from past cases, not fixed rules.

How is a Pi Cycle Top cross determined?

It is the day the 111-day moving average rises above twice the 350-day moving average. Today's candle keeps changing, so crosses are marked on closed daily candles only. The closer the ratio (111-day ÷ 2 × 350-day) gets to 1, the nearer a cross is; the day it goes above 1 is the cross.

How often does it update, and are today's values final?

The latest candles are fetched every 5 minutes. The readings and the last candle include today's unfinished daily candle (UTC), so they keep moving until the day closes. Cross markers, the drawdown table and the distribution use closed candles only. The KRW price is the USDT price times Bithumb's USDT/KRW rate (Upbit as a fallback), a reference only.

For information only, not investment advice. Data comes from exchanges' public APIs and may be delayed or interrupted.