Wood Predicts $1.25M BTC Price Target as Ratio Hits 18:1

Cathie Wood, the CEO of ARK Invest, has made a bullish call on Bitcoin's price prediction. In a recent episode of 'In The Know' on YouTube, she pointed to the current low correlation between Bitcoin and gold as 'very reassuring'.

Wood described Bitcoin's recent breakout relative to gold as 'promising', reiterating her five-year price target of $1.25 million per BTC under her bull case, alongside a base case near $750,000.

The current BTC/XAU ratio sits at 18:1, or the highest since January. Whether Bitcoin can extend its outperformance while consolidating below $80,000 is the question shaping the next leg.

BTC trades at $79,500, in a tight band, with no clear sign of a breakout or breakdown. Support sits around $78,000, and resistance is the well-worn $80,000-$81,000 zone, a level BTC has tested and failed to hold multiple times this cycle.