Pi cycle bottom indicator has been historically very accurate to mark the bottom or a close bottom!
It has been turned on now! which means that: 1. 21K BTC was the bottom; 2. or very close to the bottom.
Historically, BTC saw a major capitulation on a black swan event after the Pi cycle bottom. So:
1. BTC could potentially see a dip below 21K in the medium-term (6 to 12 months). 2. Or BTC could hover around its current price to bore everyone out of the market.