Cathie Wood Says Bitcoin Has Likely Passed the Worst of Its Down Cycle

On January 21, 2026, ARK Invest CEO Cathie Wood said Bitcoin is "pretty well through" its latest down cycle, calling the recent pullback potentially the shallowest four-year decline in the asset's history. Bitcoin is trading around $88,383 near multi-month lows, while technical indicators still show a consolidation phase and key resistance near $97,000.