Crypto influencer says Bitcoin could see a 30% ‘correction’ to $70,000

Markets are in chaos, with crypto, stocks, and even social media platforms like X facing downturns. But for crypto influencer Wendy O, this is just part of the cycle.

“I’m not concerned in any way, shape, or form,” Wendy O said on Deribit's Crypto Options Unplugged podcast . “Bitcoin has volatile moves up, we have volatile moves down. In April 2021, we had a 50% correction from $65,000 to $30,000, and then we pumped again. Each cycle moves differently.”

Despite the short-term uncertainty, Wendy remains optimistic. She pointed out that the U.S. now has a pro-crypto president and that the Securities and Exchange Commission (SEC) is open to dialogue rather than lawsuits. “The fact that they’re like, ‘Hey, we want you to comment, we want you to talk to us, and we’re not going to sue you’—that’s pretty freaking cool,” she said.

Bitcoin recently hit an all-time high of $109,000 before pulling back. Wendy O expects further corrections, but nothing out of the ordinary.

“I’m prepared for Bitcoin to go to $70,000 to $75,000, like Arthur Hayes predicted. That’s a 30% correction, and we might even go lower. The monthly chart looks like trash,” she said, explaining that she’s focusing on longer-term trades rather than short-term plays.

Bitcoin’s cycles follow a pattern

David Brickell, Head of International Distribution at FRNT, shared a similar perspective, emphasizing that these downturns are part of Bitcoin’s four-year cycle. “The actual crypto cycles play out quite the same. This doesn’t feel unusual at this time,” he said.

While some investors panic over short-term dips, Brickell believes history shows that Bitcoin follows predictable liquidity and business cycles. “Whatever’s going on, and obviously with Trump, it’s a very different type of presidential cycle, but the actual crypto cycles remain consistent,” he added.

The real economy matters more than crypto right now

Wendy O argued that many investors expected immediate policy changes under President Trump, but the reality is different. “A lot of people don’t understand — Americans are in a recession,” she said. “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.”

She believes Trump’s priority will be fixing the economy first before tackling crypto policy, predicting that stability may return after Q2 2025.

Despite the current market turmoil, Wendy O remains bullish on the long-term outlook. “We’re really in a good position to see the markets do incredibly well. People just have to be patient,” she said.