CEO Jiang Zhuoer predicts bull run until June 2022 with a possible high of $300,000

The CEO of one of China’s largest Bitcoin mining companies BTC.TOP, Jiang Zhuoer, says his firm is using a variety of models to predict when Bitcoin’s current bull market cycle will end, and how high the top cryptocurrency can rise.

Jiang Zhuoer states that Bitcoin has not received the same level of attention as it got during the previous bull run in 2017.

For example, Google Trends shows that while Bitcoin hit its peak search rate in January, it was still only 40% off its 2017 numbers.

Jiang Zhuoer told WuBlockchain that according to their latest models, the current bull run can last up to anytime between September 2021 and June 2022. He also predicts a high of somewhere in the range of $150,000-$300,000 during this run.

Previously, some Chinese blockchain company CEOs shared their belief that this autumn might start to turn into a bear run mainly due to global economic recovery and a beginning of a shift in US monetary policy. However, the latter is obviously not happening as of now.

Others believe that with increased adoption of Bitcoin and other cryptocurrencies mainly by large global corporations and even governments, the bull market may continue for a longer period of time, or even up to the next halving.

While Bitcoin has taken on some dirt dipping to the $51,000 range, crypto analytics firm Santiment released a report this week on the overall health of the Bitcoin market where they say there is no clear sign of panic among whales and retail holders, and that the BTC Weighted Social Sentiment metric shows that the public is roughly as bearish as it has been during other dips. This can be an indication that the price will likely not dip much further.