🚨 Could Bitcoin Fall to $40K?
Two well-known figures in the crypto space are pointing to a similar potential bottom for $BTC later this year.
📉 Jiang Zhuoer, founder of BTC.TOP, believes Bitcoin could bottom between $42,000–$44,000 by late October 2026.
📉 Arthur Hayes has also suggested a possible $40,000 floor over the coming months, while maintaining a long-term bullish outlook.
With BTC currently trading around $61,345, these projections would imply a correction of roughly 30–35% from current levels.
Jiang bases his view on Strategy's mNAV ratio, noting similarities to conditions seen near Bitcoin's 2022 market bottom. Hayes, on the other hand, describes his bearish target as a tactical hedge rather than a shift in his long-term outlook, where he still sees significant upside.
Different analysis. Similar price zone.
Will Bitcoin revisit the low $40Ks before the next major rally, or will the market prove the bears wrong?
⚠️ Not financial advice. Always do your own research.
#BTC #Bitcoin #Crypto #Trading #Markets
Two well-known figures in the crypto space are pointing to a similar potential bottom for $BTC later this year.
📉 Jiang Zhuoer, founder of BTC.TOP, believes Bitcoin could bottom between $42,000–$44,000 by late October 2026.
📉 Arthur Hayes has also suggested a possible $40,000 floor over the coming months, while maintaining a long-term bullish outlook.
With BTC currently trading around $61,345, these projections would imply a correction of roughly 30–35% from current levels.
Jiang bases his view on Strategy's mNAV ratio, noting similarities to conditions seen near Bitcoin's 2022 market bottom. Hayes, on the other hand, describes his bearish target as a tactical hedge rather than a shift in his long-term outlook, where he still sees significant upside.
Different analysis. Similar price zone.
Will Bitcoin revisit the low $40Ks before the next major rally, or will the market prove the bears wrong?
⚠️ Not financial advice. Always do your own research.
#BTC #Bitcoin #Crypto #Trading #Markets