Bitcoin Could Bottom at $42K–$44K in Late 2026, Says Miner Jiang Zhuoer

Chinese Bitcoin mining veteran Jiang Zhuoer believes Bitcoin’s ongoing bear market could bottom out between October and December 2026, with the cryptocurrency potentially falling into the $42,000–$44,000 range.

Supporting his outlook, Jiang highlighted Strategy’s mNAV ratio, which has declined to 0.72—close to the 0.7 level seen during the market transition from bull to bear conditions in 2022. However, he emphasized that mNAV and Bitcoin do not typically reach their lows at the same time.

Referring to the previous market cycle, Jiang noted that Bitcoin recorded its final bottom about six months after MSTR’s mNAV reached its lowest point.

Source: Jiang Zhuoer