Bitcoin (BTC) is predicted to continue its series of 85% or more drawdowns from its all-time highs, according to ARK Invest CEO, Cathie Wood, who believes that there will be no further such corrections. Wood argues that the Bitcoin community will consider a 50% down 50% as a victory. A new prediction predicts $34,000 as the next BTC price bottom, which is expected to occur this month. This follows a year-long bear market in which BTC/USD lost nearly 80% before bottoming at $15,600. The current bear market has yet to match historical patterns with maximum downside versus Bitcoin’s $126,200 record from October 2025 at 52%. However, data from on-chain analytics platform Glassnode indicates that the current bear situation is yet to repeat historical patterns.