Bitcoin set for volatile broader rally after bottom formation, says Cathie Wood

Cathie Wood, CEO of ARK Invest, says Bitcoin has completed a bottom‑formation phase and is poised for a "very volatile, but broad" upward trend. She points to the Bitcoin‑to‑Gold ratio, which she notes is holding around a value of 15, as a technical signal supporting the bottom. Recent market data show Bitcoin rising while spot gold has fallen about 4%, highlighting a divergence that Wood cites as reinforcing her outlook.

Two on‑chain indicators have also reached historic extreme levels, a pattern that in past cycles has appeared near major price lows. While the price continues to face a key resistance zone, Wood forecasts a long‑term trajectory that could see Bitcoin reach roughly $730,000 by 2030. The analysis also highlights the Point of Control as a critical chart marker for tracking Bitcoin’s next moves.