Cathie Wood: Bitcoin’s Big Crash Periods Are Over

Cathie Wood, CEO of Ark Invest, stated that the era of major Bitcoin crashes has ended. Following the price volatility of 2024, she noted that the cryptocurrency’s volatility has decreased and investor confidence has risen. Considering recent developments in the crypto market, Wood emphasized that Bitcoin’s long‑term growth potential remains strong. She argued that after the sharp decline in 2023, the market entered a recovery phase that will continue. Ark Invest’s Bitcoin investments are part of the firm’s strategy to expand its crypto‑asset portfolio. Wood said these investments contribute to the maturation of the crypto market. This is not investment advice.

📊 BTC — Piyasa Yorumu

▲ up · 65%

Cathie Wood’s assertion that Bitcoin’s major crash periods have ended could generate a favorable reaction in market perception. The asset has risen 4.26% over the past 24 hours, and its Relative Strength Index (RSI) sits at 78.95, indicating an overbought condition. Despite this, the price remains above both the 20‑period and 50‑period simple moving averages (SMA20 and SMA50), suggesting a likelihood of staying above short‑term resistance levels. The Moving Average Convergence Divergence (MACD) is positioned above its signal line, signaling that momentum remains strong. Over a 1‑ to 3‑day horizon, a modest price uptick or a period of stability is expected. However, the elevated RSI level warrants caution, as it also implies a potential short‑term correction cannot be ruled out.

RSI 14

79.0

MACD

783.09

24h Δ

4.26%

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