Jiang Zhor: It is expected that the current round will cost $44,000 at the end of October

ON 6 AUGUST, JIANG ZOR, FOUNDER OF THE LEBIT MINE, PROJECTED THE BOTTOM OF THE CURRENT BEAR MARKET IN RELATION TO THE PREVIOUS THREE ROUNDS OF THE BITCOIN BEAR CYCLE: “THE DECLINE IN THE FOUR CYCLES, BASED ON HISTORICAL DATA, WAS 86.9 PER CENT, 84.1 PER CENT, 77.6 PER CENT, 65.1 PER CENT (FOR THE CURRENT ROUND), CORRESPONDING TO THE BTC PRICE OF $44016 AND EXPECTED TO OCCUR ON 31 OCTOBER”