Jiang Zhuoer: Predicts the current BTC bear market will bottom out between $42,000 and $44,000 during October to December 2026
According to Odaily, Jiang Zhuoer, founder of the LBT mining pool, posted on the X platform predicting that the current BTC bear market will bottom out at $44,016 on October 31, 2026. Based on the pattern that mNAV bottoms six months ahead of the BTC price, he revised the bottoming time frame to between October and December 2026, with a price range of $42,000 to $44,000.
Jiang Zhuoer pointed out that MSTR's mNAV (the ratio of share price to BTC value per share) has dropped to 0.72, close to the previous bull market’s low point of 0.7 on May 11, 2022. According to recent market sentiment events such as the significant depegging of STRC, it is currently predictable that this cycle’s mNAV is in its lowest region. However, the lowest mNAV does not coincide with BTC’s lowest price. In the previous cycle, when mNAV bottomed at 0.7 on May 11, 2022, BTC price was $31,017, whereas BTC hit its bottom at $15,476 on November 21, 2022, at which time mNAV was 1.2, with a six-month interval between the two events.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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