Bitcoin Miner Jiang Zhuoer Predicts Bear-Market Bottom at $42,000-$44,000 in Late 2026

BTC-0.25%
Jiang Zhuoer, founder of BTC.TOP and a prominent Chinese Bitcoin mining figure, predicts Bitcoin will reach a bear-market bottom between October and December 2026, targeting a price range of $42,000 to $44,000. The forecast is based on Strategy's modified net asset value (mNAV) falling to approximately 0.72, close to the 0.7 level recorded in May 2022 during the previous market cycle's transition to deeper weakness. According to Jiang's analysis, Strategy's mNAV reached its low roughly six months before Bitcoin's final bottom in the previous cycle, when BTC declined to around $15,476 in November 2022. Bitcoin currently trades near $61,577, leaving the asset roughly 30% to 32% above Jiang's projected bottom range.
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