Cathie Wood: The downward trend of Bitcoin has basically come to an end, and the four-year cycle decline has concluded



Ark Invest CEO Cathie Wood is known for her strong bullish stance on Bitcoin. Recently, she made a bold judgment about Bitcoin again.

Wood recently stated on CNBC's "Halftime Report" that Bitcoin has basically completed its four-year cycle decline, saying, "We are now very close to the true bottom."

She further pointed out that from the perspective of historical bull markets, Bitcoin's previous gains were not particularly prominent, which to some extent limited the space for this round of correction. She also mentioned that the overall performance of the last bull market was relatively restrained, making the current adjustment appear milder.

However, Wood still warns that before Bitcoin re-challenges its all-time high, it may retest the support area around $80,000.

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