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    Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

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    Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

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    Donald Trump diary reveals exact time he will arrive in Scotland

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    Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

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    System must work to protect public as report finds chances missed with Southport killer

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    NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

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    Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

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    Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

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    Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

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    Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

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    How the Scottish MPs voted in the assisted dying debate

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      Inflation rises again to new 40-year high

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      Bank of England hikes interest rates to 1.25%

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      Hiring activity in Scotland slows amid steep decline in staff availability

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      Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

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      Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

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      Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

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      Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

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      Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

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      Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

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      Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

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      Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

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      Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

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      Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

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        DWP boss defends welfare reform changes after PIP plans put on hold

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        People on highest PIP could see payments rise to nearly £800 each month from next April

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        Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

        Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

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        Schoolgirl achieved something incredible and made everyone proud

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        Fury as Welsh Government rejects recommended 4.8% pay rise for teachers

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        Vocational skills to be offered at new secondary school in Swansea

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        Lecturer struck off after falling asleep, playing on his phone and describing students as ‘d*** heads’

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        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Scots selling counterfeit goods less likely to face prosecution as conviction rate plummets

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Librarian cuts at Glasgow schools will ‘rob kids of opportunities’ as SNP Government urged to intervene

        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

        Nicola Sturgeon agrees to TV special as ex-SNP leader to be grilled on ‘striking revelations’ in new book

        Donald Trump diary reveals exact time he will arrive in Scotland

        Donald Trump diary reveals exact time he will arrive in Scotland

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        Scots ‘forced to wait years’ for hernia operations as NHS struggles to meet demand

        System must work to protect public as report finds chances missed with Southport killer

        System must work to protect public as report finds chances missed with Southport killer

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        NHS in Scotland ‘stuck in analogue age’ as health boards shell out millions on pagers

        Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

        Scottish Labour MP to vote against welfare reforms despite Keir Starmer climbdown

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Buy British buses to save 400 Scottish jobs at Alexander Dennis, says MP

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Scots fear crime is rising in their local area as SNP Government accused of ‘hollowing out’ police

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

        Senior member of Anas Sarwar’s shadow cabinet ‘opposed’ to Labour welfare cuts bill

        How the Scottish MPs voted in the assisted dying debate

        How the Scottish MPs voted in the assisted dying debate

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        • Business

          Salesforce boss Marc Benioff joins Weev.

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          What is a virtual office and why you need one in Central London – Your Company Formations Ltd

          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

        • Sports
          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Lyall Cameron slammed for ‘disrespect’ as Rangers new boy comes under fire for Dundee ‘jibes’

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Celtic risk blowing £1.6m transfer windfall as defensive duo head out on loan – Parkhead news bulletin

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Prince William’s firm five-word statement to Chloe Kelly about Euros goal uncovered by lip reader

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Kieran Tierney genius exposes ‘sloppy’ Ajax as Celtic earn rival acclaim despite Como Cup hammering

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Andrej Bacanin makes Celtic transfer intentions clear amid Rangers claim as direct link with Lennon Miller emerges

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Rangers strongest XI for Panathinaikos as Thelo Aasgaard injury blow opens door for Euro history-maker

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Celtic could ‘renew interest’ in Evan Ferguson as transfer hijack follows Yamada hint and Ambrosino U turn

          Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

          Exact cost of Rangers injury crisis revealed as payments to crocked stars double that of Celtic

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Conor Coady in Diogo Jota tribute as old Wolves pal celebrates an ‘incredible person’

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Brendan Rodgers described me as huge Celtic coup after 24 clubs wanted me – now I have retired aged just 28

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          Ange Postecoglou to LAFC has direct Celtic link as MLS heavy hitters plot ambitious manager move

          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

          The Rangers transfers Russell Martin needs revealed as AEK set Dessers deadline and Shankland a no-brainer

          Trending Tags

          • Technology
            Tech fans rush to buy £30 Acer Chromebook tablet that is ‘perfect for work and play’

            Tech fans rush to buy £30 Acer Chromebook tablet that is ‘perfect for work and play’

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Apple fans rush to buy MacBook for only £99 after 54% price slash

            Lego Game Boy unveiled with pre-orders now live – but some point out ‘disappointing’ flaw

            Lego Game Boy unveiled with pre-orders now live – but some point out ‘disappointing’ flaw

            Panasonic dishes out £100 takeaway vouchers and 15% off ‘first class’ OLED TVs

            Panasonic dishes out £100 takeaway vouchers and 15% off ‘first class’ OLED TVs

            ‘Classy’ smartwatch that ‘performs as well as expensive brands’ now £50 in Amazon Prime deal

            ‘Classy’ smartwatch that ‘performs as well as expensive brands’ now £50 in Amazon Prime deal

          • Health
            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Nicotine pouches packaged like kid’s sweets sold in Glasgow shop

            Tesco recalls popular beauty and skincare product over nasty infection risk

            Tesco recalls popular beauty and skincare product over nasty infection risk

            ‘I used old-fashioned method to lose 4stone after microwave incident’

            ‘I used old-fashioned method to lose 4stone after microwave incident’

            Donald Trump medical condition diagnosed as US President suffers swollen legs

            Donald Trump medical condition diagnosed as US President suffers swollen legs

            Clinical microbiologist issues warning over hidden ‘droppings’ in bed sheets

            Clinical microbiologist issues warning over hidden ‘droppings’ in bed sheets

          • Entertainment
            Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

            Sainsbury’s ‘gorgeous’ £25 jacket shoppers say is ‘good for all weather’

            Tesco shoppers ‘run’ to stores for ‘gorgeous’ £29.50 cardigan

            Tesco shoppers ‘run’ to stores for ‘gorgeous’ £29.50 cardigan

            Former DWP employee urges all parents to claim Child Benefit to boost State Pension payments

            Former DWP employee urges all parents to claim Child Benefit to boost State Pension payments

            DWP boss defends welfare reform changes after PIP plans put on hold

            DWP boss defends welfare reform changes after PIP plans put on hold

            People on highest PIP could see payments rise to nearly £800 each month from next April

            People on highest PIP could see payments rise to nearly £800 each month from next April

          • Life Style
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            Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

            Of the 67 paramedics trained in Wales this year, only 20 have been given jobs

            Schoolgirl achieved something incredible and made everyone proud

            Schoolgirl achieved something incredible and made everyone proud

            Fury as Welsh Government rejects recommended 4.8% pay rise for teachers

            Fury as Welsh Government rejects recommended 4.8% pay rise for teachers

            Vocational skills to be offered at new secondary school in Swansea

            Vocational skills to be offered at new secondary school in Swansea

            Lecturer struck off after falling asleep, playing on his phone and describing students as ‘d*** heads’

            Lecturer struck off after falling asleep, playing on his phone and describing students as ‘d*** heads’

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          Accumulation Opportunity — Blockchain Media Indonesia

          by BP Author
          August 20, 2024
          in Crypto
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          Based on indicators Pi Cycle TopBitcoin's peak price has not yet been formed. According to Rekt Capital, this situation is an accumulation opportunity.

          More about Indicators Pi Cycle Top Besides Bitcoin Peak Price Marker

          The Pi Cycle Top indicator is a tool used to predict Bitcoin's peak price by observing the intersection (crossover) between two moving averages (moving averages) certain, namely the 111-day moving average (111 SMA) and a multiple of two of the 350-day moving average (350 SMA x 2) of the Bitcoin price.

          This indicator is designed to show when Bitcoin becomes very Overheat or too expensive aka saturated buying (overbought), which is marked when the shorter moving average (111 SMA) reaches the same level as the longer moving average (350 SMA x 2).

          In other words, if the 111 SMA is slanting from top to bottom, crossing the 350 SMA x 2, it is a sign that a Bitcoin top has been formed and the price has historically tended to correct deeply.

          So far, Bitcoin's ATH occurred on March 14, 2024, which occurred before Halvingin the range of US$73,750 based on data from Coinmarketcap.

          Bitcoin Peak Price

          Two pictures Pi Cycle Top indicator above, each explains the data crossover between two Moving Average all time, and the current BTC price is below the 111 SMA which is interpreted as an accumulation opportunity. The 111 SMA is marked with a turquoise line and the 350 SMA x 2 is purple.

          This indicator is popular among trader and analysts thanks to development by Philip Swift, Managing Director of Bitcoin Magazine Pro who is also the Founder and CEO of Trendstorm.

          Moreover, this indicator is famous for its ability to identify important moments when the Bitcoin price approaches the highest peak in its cycle, aka all time high (ATH).

          When these two averages intersect, it is usually a sign that the market is reaching its peak. At this point, many trader will consider selling their holdings to avoid the price decline that usually occurs after a market peak is reached.

          However, currently, these two moving averages are moving further away from each other (diverging), indicating that the market is still far from the next Bitcoin peak price.

          This indicates that the market is in an accumulation phase, where prices tend to stabilize and offer profitable buying opportunities before the next uptrend occurs.

          This was also confirmed by Rekt Capital recently on their YouTube channel, that the indicator is currently showing a divergence picture which is a sign of accumulation action, because the Bitcoin price is below the 111 SMA.

          “But right now, we are not experiencing convergence, but rather divergence which is driving the potential crossover…so, when BTC price is below (111 SMA) currently, it can be read as a buying opportunity,” Rekt Capital explained.

          The selection of the 111-day (111 SMA) and a double of the 350-day moving average (350 SMA x 2) in the Pi Cycle Top indicator is based on historical analysis showing consistent patterns in Bitcoin price movements over market cycles.

          The 111-day moving average was chosen because it represents a short enough time period to capture rapid price changes, yet still provides a more stable picture of the trend than shorter periods.

          On the other hand, the 350-day moving average represents a longer-term trend spanning nearly an entire year, which is important for understanding broader, longer-term price movements. By multiplying the 350-day moving average by two, this indicator creates an upper bound that historically reflects the level at which Bitcoin has often been considered Overheat or too expensive aka Bitcoin's peak price position.

          The intersection of the 111 SMA and the 350 SMA x 2 signals the moment when the short-term trend (111 SMA) meets the broader long-term trend (350 SMA x 2). When this happens, it indicates that the market is at a critical juncture where price may have peaked. This combination has proven effective in predicting Bitcoin peak prices in the past, making it a useful tool for traders. trader and analysts.

          Regarding that, crypto analyst from Real Vision opined on his X accountthat the price of Bitcoin could rise 200 percent and reach US$100 thousand by 2025. [ps]

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