Wood said that Bitcoin is a \u201cproven technology\u201d and a \u201cproven monetary system,\u201d adding that the industry is \u201cseeing now is the institutionalization of this new asset class that has had a very low correlation with other asset classes.\u201d Therefore, \u201cthe 85%, 95% collapses associated with a very new technology, that\u2019s done.\u201d<\/p>\n
To the CEO, the ongoing market correction, which has reduced Bitcoin\u2019s value by nearly half from its October peak, could be viewed as a \u201creal victory\u201d rather than a sign of weakness for the Bitcoin community, as it would mark a significant decline from its historical crashes during previous bear markets.<\/p>\n
Last year, Wood trimmed her Bitcoin prediction for 2030 from $1.5 million to $1.2 million. However, she has reiterated her view that Bitcoin will serve as a store of value and global settlement system.<\/p>\n
She previously asserted that growing institutional adoption will be a powerful driver for long-term value for the flagship crypto, adding that it has only begun. \u201cInstitutions really have just dipped their toes into this space. We have just started, so we have a long way to go,\u201d she stated.<\/p>\n
Analysts Say BTC Bottom Is Much Lower<\/h2>\n
Despite Wood\u2019s outlook, other market analysts have forecasted much lower targets for BTC\u2019s bottom. Recently, Bloomberg senior strategist Mike McGlone suggested that a \u201cbursting crypto bubble\u201d scenario is looming for the leading cryptocurrency.<\/p>\n
As reported by NewsBTC, McGlone affirmed that Bitcoin could drop as low as $10,000 this year, noting that this level was a common trading price before 2020-2021 and \u201cthe first-born crypto\u2019s most traded price since 2017.\u201d<\/p>\n
Market watcher Crypto Jelle recently pointed out that the cryptocurrency\u2019s bear market lows have historically formed below the Fibonacci 0.618 retracement levels, which could place BTC\u2019s bottom below the $57,000 area.<\/p>\n
Meanwhile, analyst Ali Martinez said that BTC\u2019s final correction before the next bull run could send the price 40%-50% down toward the $30,000-$40,000 area, based on its historical performance.<\/p>\n
The analyst explained that the crossover between BTC\u2019s 50 and 200 Simple Moving Averages (SMAs) has historically signaled the bottom of every major cycle over the past twelve years.<\/p>\n
As he detailed, the crossover has consistently marked the start of the final leg down before the next bull market, with the price declining another 50% when the 50- and 200-SMAs crossed in previous cycles.<\/p>\n
Notably, Bitcoin has seen a 52% correction from its October 2025 peak, and the SMAs crossed over on February 27, which could suggest that another major correction is due, if history repeats.<\/p>\n
![\"Bitcoin,](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/BTCUSDT_2026-04-03_13-00-43.png?w=860&resize=860%2C527\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
As Bitcoin (BTC) holds the crucial $65,000 to $66,000 area, Ark Invest CEO and CIO Cathie Wood has discussed the flagship crypto\u2019s current downturn, affirming that the era of severe pullbacks is over. 50% Bitcoin Correction Could Be A \u2018Real Victory\u2019 In a recent interview on CNBC\u2019s Squawk Box, Ark Invest CEO Cathie Wood affirmed…<\/p>\n","protected":false},"author":1,"featured_media":11617,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[2777,4553,33,1523,1242,1565,35,2185,45,1873,111],"class_list":["post-11616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ark-invest","tag-ark-invest-ceo","tag-bitcoin","tag-bitcoin-bear-market","tag-bitcoin-bottom","tag-bitcoin-prediction","tag-btc","tag-btc-ath","tag-btcusdt","tag-cathie-wood","tag-crypto-analyst"],"_links":{"self":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/11616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=11616"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/11616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/11617"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=11616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=11616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=11616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}