Cathie Wood, CEO of Ark Invest, believes Bitcoin is still in a bull cycle despite recent fluctuations. She maintains a price target of 1,500,000 USD for BTC by 2030, stressing the importance of U.S. Deregulation for broader institutional adoption.

Prominent figures like Matt Hougan from Bitwise back Wood’s optimistic view, forecasting Bitcoin could reach 200,000 USD by the end of 2025. The MVRV-Z score supports this bullish sentiment, indicating potential growth.

However, some analysts, such as Ki Young Ju, warn of a bear market that could last 6-12 months due to weak ETF flows. Recent inflows of 274.5 million USD into U.S. Bitcoin ETFs suggest a potential recovery, yet the future remains uncertain.