CEO of the BTC TOP mining pool Jiang Zhawr predicted that Bitcoin would reach the final end of its bear cycle at the end of 2026. Based on an analysis of the market value of Strategy’s shares relative to the price of the bitcoin held by it, he estimated that the minimum price of the first cryptocurrency would be in the range of $42,000 to $44,000 between October and December.

Cryptanalyst Plan B also anticipates a further decline and assumes that the price will fall below the realized price, which is currently around $53,000. Amid the ongoing market downturn, Barstool Sports founder Dave Portna expressed serious doubts about the asset’s long-term prospects, demanding that Bitcoin supporters explain why the asset is not moving toward zero, as its critics had predicted.

The pessimistic forecasts contrast with earlier expectations of Blockstream head Adam Beck, who argued that Bitcoin could reach $500,000 or even $1 million before the current halving cycle ends. However, current market dynamics and historical patterns are forcing many experts to prepare for a protracted period of low prices.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.