#BTC_SearchForTheBottom Chinese Bitcoin miner Jiang Zhuoer predicted that the current bear market will bottom out between $42,000 and $44,000.
This target represents an approximate 30% drop from Bitcoin's current price levels of around $60,700.
His forecast is primarily based on MicroStrategy, the largest institutional holder of the cryptocurrency.
The company's market net asset value (mNAV) ratio has fallen to 0.72, signaling deep market pessimism.
An mNAV below 1 means investors value MicroStrategy at less than the actual Bitcoin it holds per share.
This 0.72 reading closely approaches the previous bear market low of 0.7 hit in May 2022.
Historically, Bitcoin's price reached its ultimate bottom six months after the mNAV reached its lowest point.
Applying this historical time lag places the expected Bitcoin price bottom toward the end of 2026.
Zhuoer also utilized a separate four-year cycle model that compares Bitcoin's price action to a bouncing ball.
This model points to a bottom on October 31, proving more reliable for its timing than the exact price.
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