The threshold marks where slow start gives way to add-one growth.
The threshold is a rule switch
The threshold is pinned at 8. Below it, the row doubles. At it or above it, the row stops doubling.
ssthresh=8
Cwnd reaches the threshold
RTT 4 starts with cwnd 8, exactly the threshold. The next step is no longer a double.
The next value is one larger
At the threshold, congestion avoidance takes over: 8 becomes 9, not 16.
Summary
The threshold keeps slow start from doubling forever. In this pinned sequence, cwnd reaches 8 and then switches to add-one growth.
switch at 8