BTC will reach $313k 💸
The Top Cap indicator shows the possible maximum price of Bitcoin and at the moment it is $313k.
The indicator itself is not on-chain, but is calculated on the basis of moving averages with a slight change in the formula. It correctly pinpointed the peak of BTC's parabolic rise 4 times, only failing in 2021 when the cycle had an atypical rounded double top.
If the current bull market also turns out to be atypical and we do not see a parabola on the chart with a subsequent sharp top, then taking into account the previous error, we can expect a BTC maximum of $106k.
P.S. This is data for now, the peak of the cycle itself is expected at the end of 2024 or later, so the ATH potential may increase.
