Jiang Zhuoer made important statements about Bitcoin.

Bitcoin (BTC) price lost its upward momentum yesterday. Having managed to stay above the $ 55,000 support, BTC lost 6 percent last week after the failure of an attempt to break the $ 60,000 resistance.

Jiang Zhuoer, one of China's big miners, told WuBlockchain that according to the latest multiple model studies, the fastest will be September 2021 and the slowest June 2022 will turn from a bull to a bear market. pic.twitter.com/g72wgYnYnu

— Wu Blockchain (@WuBlockchain) March 21, 2021

Jiang Zhuoer, CEO of the mining pool named BTC.Top, claimed that things could get worse throughout the year. In a recent interview with Wu Blockchain referring to "working patterns", Zhuoer predicted a change in crypto market dynamics. The price of bitcoin saw an 824.4 percent increase in one year, but Zhuoer believes the market could "switch from a bull market to a bear market" between September 2021 and June 2022.

BTC.Top is one of the largest mining pools in the industry. Statista data shows that this pool has 0.75% of Bitcoin's total hashrate as of mid-February. Wu also interviewed other representatives of the blockchain industry in China and received similar responses. The reason why experts think this way is as follows:

“They believed this autumn could begin to turn into a bear market. The reason was an economic recovery after the spread of the vaccine and a change in the US monetary policy (…) After Tesla bought 1.5 billion dollars of BTC; After Meitu bought $ 90 million in BTC and ETH, there are no larger companies left to follow in North America and Asia. "

A Bitcoin ETF approval in the US or another company like Tesla adopting BTC could bring back upward momentum. On this possibility, Michael Saylor, CEO of MicroStrategy, said:

"IF YOU LOOK AT MARCH 2020, VERY Few INSTITUTIONS ARE INCLUDED. AFTER 12 MONTHS CORPORATE PARTICIPATION GROWED LIKE A RAID. MİCROSTRATEGY, THE FIRST COMPANY TO MAKE A SIGNIFICANT INVESTMENT, FOLLOWED WITH SQUARE. BUT THESE IS THE VISIBLE TIP OF THE ICE. "

Where will the bitcoin price go in the coming days?

In the short term, market strategist Aayush Jindal sees a new chance of spiking in BTC if $ 57,000 is held as support. But at the moment, BTC has suffered a loss of $ 1,000 over the past 2 hours. The reason for this is thought to be due to the cryptocurrency statements at the BIS event by the president of the Federal Reserve of America, Jerome Powell. 1olay.com reported that it uses the expressions "not a good store of value" and "speculative" for cryptocurrency orders.