Jiang Zhuoer: The expected bottom price for Bitcoin in this round is $44,000, which will appear at the end of October

The founder of the Liebit Mining Pool (B.TOP), Jiang Zhuoer, made a prediction about the bottom of this bear market based on the previous three rounds of Bitcoin bull and bear cycles: "According to historical data fitting, the decline ratios for the four cycles are: 86.9%, 84.1%, 77.6%, 65.1% (this round prediction), corresponding to a BTC price of $44,016, expected to occur on October 31."