Chinese Miner Predicts Bitcoin Bottom at $42K-$44K in 2026

Chinese miner Jiang Zhuoer has made a prediction about Bitcoin's future trajectory. According to his analysis, based on MicroStrategy data, the leading cryptocurrency will reach its next bear market bottom between $42,000 and $44,000 in the final quarter of 2026. Zhuoer pointed out that the mNAV value, which represents the ratio of MicroStrategy's stock price to the Bitcoin value per share, has been dropping to 0.72. This indicates investor pessimism and undervaluation of the asset.

Zhuoer used historical data to support his claim. In past cycles, the actual bottom for the Bitcoin price was reached approximately six months after the mNAV ratio bottoms out. For example, while mNAV hit its lowest point in May 2022, Bitcoin reached its actual bottom in November at $15,476.

Zhuoer also used a mathematical model based on the principle that the bounce intensity of a ball falling to the ground decreases each time. This model assumes that as Bitcoin's total market capitalization increases, price volatility decreases. According to this model, the analyst predicts that the Bitcoin price could bottom out at around $44,016 on October 31, 2026.