Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
CoinDesk·
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Bitcoin is expected to decline another 30% to $44,000 by year-end, according to a prominent BTC miner, citing a key indicator. The miner's stock mNAV has fallen to 0.72, a level that historically precedes a market turn.
An early miner says Strategy's stock mNAV has fallen to 0.72, near the level that marked the last cycle's turn, and that bitcoin historically bottoms about six months after that signal.