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Crypto Influencer Wendy O Predicts Bitcoin Could See 30% Correction to $70,000

Alice by Alice
2025-03-13
in News, Cryptocurrency
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The cryptocurrency market has been experiencing significant volatility recently, with not only crypto assets but also stocks and social media platforms like X facing downturns. Despite the ongoing chaos, prominent crypto influencer Wendy O believes that this is just a part of the natural market cycle.

Bitcoin’s Cycles and Volatility

Wendy O, who appeared on Deribit’s Crypto Options Unplugged podcast, expressed that she is unfazed by the current market fluctuations. Reflecting on Bitcoin’s history of price movements, she pointed out that Bitcoin’s volatility is part of its typical cycle. “Bitcoin has volatile moves up, we have volatile moves down,” she said. She cited a major correction in April 2021, where Bitcoin experienced a 50% drop from $65,000 to $30,000, followed by a strong recovery.

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According to Wendy, while the market is unpredictable in the short term, Bitcoin’s long-term trend remains positive. She believes these cyclical price corrections are nothing new and that they are part of Bitcoin’s broader market trajectory.

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Predictions for Bitcoin’s Price Correction

Bitcoin recently hit an all-time high of $109,000 before pulling back, which has raised concerns among investors. However, Wendy O expects a further 30% correction to the $70,000 to $75,000 range, echoing predictions made by former BitMEX CEO Arthur Hayes. Despite the drop, she emphasized that these types of corrections are normal and aligned with Bitcoin’s cyclical behavior.

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“The monthly chart looks like trash,” Wendy explained, underscoring that the short-term price movements are less important than the broader market trends. She also noted that she is focused on longer-term trades, rather than making short-term bets based on current market conditions.

David Brickell, Head of International Distribution at FRNT, shared a similar perspective, stating that Bitcoin’s correction is not unusual. He pointed out that crypto markets typically follow a four-year cycle, and the current situation fits that pattern. “The actual crypto cycles play out quite the same. This doesn’t feel unusual at this time,” he added.

The Role of the U.S. Economy in Crypto

Wendy O also discussed the broader economic context surrounding the crypto market. She believes that many investors are overlooking the state of the U.S. economy, which she argues is in a recession. Wendy stated, “I don’t care about textbook definitions. A lot of Americans are having trouble making ends meet for basic necessities: food, shelter, energy. Those numbers are left out of CPI and inflation reports.”

Despite the challenges facing everyday Americans, Wendy pointed out that the current economic conditions will likely be addressed before any significant changes are made to crypto policy. She believes that President Trump’s priority will be stabilizing the economy first, with potential action on crypto policy expected only after Q2 2025.

Optimism for the Long-Term

Even amidst the market turbulence, Wendy O remains optimistic about Bitcoin’s long-term prospects. She is confident that the market is positioned for success in the future, as long as investors remain patient and stick to a long-term investment strategy. “We’re really in a good position to see the markets do incredibly well. People just have to be patient,” Wendy concluded.

While the short-term outlook may seem uncertain with potential price corrections on the horizon, Wendy O’s confidence in Bitcoin’s eventual upward trajectory highlights her belief in the crypto market’s resilience and long-term potential.

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  • What Are the Dow 30 Stocks?
  • Why EV Stocks Are Down?
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