Zhuoer Sees $44,016 Bitcoin Low by End of October

Jiang Zhuoer, founder of China-based mining pool BTC.top, has assessed Bitcoin's recent price drop and predicts it could fall to $44,016 by the end of October. This prediction is based on Bitcoin's historical four-year cycle.

Zhuoer argues that this year's correction has not yet reached the level of previous bear markets in terms of duration or depth. He notes that past cycles show a very similar pattern in terms of both duration and price decline, with maximum declines of 86.9%, 84.1%, and 77.6%. For the current cycle, Zhuoer predicts a more limited but still sharp pullback of 65.1%.

Zhuoer suggests that if past cycles repeat themselves, BTC could fall to $44,016 by October 31st. However, it's essential to note that this is not investment advice.