Today we will predict the top price of BTC in this cycle, which should be a topic of concern to many friends.

From two aspects:

First, from the perspective of miners' profits, high profits help miners to recover cash flow and prepare for upgrading to higher computing power. After calculation, when BTC reaches more than 90,000 US dollars, mainstream mining machines can quickly recover their capital within 12-16 months. This is the so-called "high profit" threshold, and the 100,000 US dollar integer mark is also a psychological integer mark expected by most people. Therefore, 90,000-100,000 US dollars is an important price range.

Secondly, from the perspective of the chip structure, a large amount of BTC is currently accumulated in the 60,000-6.70,000 US dollar range, accounting for 16% of the total circulation. This is a huge accumulation area, indicating that a large number of chips have been exchanged here. If these chips are not fully digested in the future, then when the BTC price reaches 120,000-130,000 US dollars, it means that the unrealized profits of these chips will reach an average of 200%. The trading psychology of "doubling the principal" will cause the market to generate concentrated selling pressure at this position.

In addition, I would like to share with you the BTC top price algorithm model in the data in the figure. Of course, this model does not mean that this round of cycle will definitely reach the predicted position, it just has never been wrong in the verification of historical data. On March 14, the high point of this round calculated by the model was expected to be around US$134,000; and by May 22, the top price had moved up to US$146,800. But remember that this is just a reference, and the actual price may be different.

In general, whether from the perspective of miners' profits or from the chip structure, it indicates that the price of BTC may reach an important top in the near future. But remember that the market is always full of uncertainty, so everyone should remain rational and cautious.