BTC.top Founder Forecasts Bitcoin Crash to $44,016 by Late October

Woofun AI reports that Jiang Zhuoer, founder of the China-rooted mining pool BTC.top, has issued a bearish forecast for Bitcoin based on the cryptocurrency’s four-year market cycle. The core thesis posits that the current downturn has not yet achieved the duration or depth characteristic of previous cycles, implying further downside potential remains. This structural lag suggests the market is still in the early-to-mid stages of its correction phase.

The depth of Bitcoin’s past three bear markets, which exhibited maximum declines of 86.9%, 84.1%, and 77.6%, respectively. In contrast, the current cycle has seen a drop of only 65.1% from the all-time high. This discrepancy indicates that the present bear market is historically shallow, leaving room for additional price erosion to align with prior cycle norms.

Woofun AI data shows the specific price target is $44,016, with a timeline set for late October. This projection accounts for macroeconomic factors, regulatory developments, and technological advancements that may influence market sentiment. The analysis also considers the approaching next halving event, suggesting that pre-halving volatility could accelerate the move toward this support level.

Cycle-based projections are not guarantees, as the cryptocurrency market remains highly volatile and subject to external influences. Investors must recognize that historical trends provide context but should not dictate decisions. Maintaining cycle awareness is critical for managing risk in an environment where macroeconomic shifts can rapidly alter market trajectories.