Bitcoin 'done' with 85% crashes, says Cathie Wood amid new $34K target
Bởi Ẩn danh
ARK Invest CEO Cathie Wood said that Bitcoin as a "proven" asset would no longer experience drawdowns of 85% or more from all-time highs.
Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood.
Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues.
A new prediction sees $34,000 becoming the next BTC price bottom.
Bitcoin bear-market seasonality hints that a reversal could come this month.
In an interview with CNBC’s Squawk Box segment on April 1, Wood stayed calm about double-digit BTC price losses.
“Believe it or not, in the Bitcoin community, down 50% — if that’s as far as it goes — they’ll consider that a real victory,” she said.
Wood, a longtime Bitcoin bull, was speaking as Bitcoin circled its old $69,000 all-time highs from 2021.
Those preceded a year-long bear market in which BTC/USD lost nearly 80% before bottoming at $15,600. That marked the latest such correction, with bear markets typically bringing losses around the 80% mark.
Data from onchain analytics platform Glassnode shows that the current bear market has yet to match historical patterns with maximum downside versus Bitcoin’s $126,200 record from October 2025 at 52%.
Responding to Wood, analyst Tony Severino predicted that 2026 would bring a price bottom equal to a 72% drawdown.
“Correct, -72% max drawdown next =$34,000,” he wrote on X.
That figure exceeds commonly held predictions by traders for where Bitcoin’s next generational floor will be. As Cointelegraph reported, consensus favors the area between $40,000 and $50,000.
This week, however, Bloomberg Intelligence analyst Mike McGlone warned that price may already be trending toward seven-year lows.
Continuing the bear-market comparison, data from network economist Timothy Peterson revealed that April could mark some form of inflection point for price.
Related: Bitcoin risks new lows as US dollar targets highest level since April 2025
A chart uploaded to X this week shows April typically being a recovery month during bearish phases.
The March monthly close, meanwhile, ended a five-month losing streak for BTC/USD with modest gains of 1.8%.
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Source: CoinTelegraph
