BTC has also been increasing over the past days.
In the midterm:
When BTC makes a lower high followed by another lower low, BTC would be moving in a market structure (midterm).
In the shortterm:
On 4H TF: BTC just broke out out of a symmetrical triangle making a corrective .
$44.8k-46k is a great to bounce from since BTC is very oversold in shortterm and midterm.
The Pi-Cycle Top Indicator is an indicator used for timing the market cycle highs of BTC .
The Pi-Cycle Top Indicator has managed to be accurate and effective in the past for predicting dumps within 3 days.
Looking at history this event happened 3 times so far and was each time followed by a dump.
The indicator uses the 111-daily moving average (111MA) and twice the amount of the 350 day moving average, the 350MAx2.
The 111MA has crossed the 350MAx2 on April 12, 2021 and since then BTC saw a price decline of -26%.
However this cycle is different than previous cycles due to the increase of institutional moneyflow into cryptocurrencies.