BTC Chases S&P500 All-Time Highs During Past Half Years... Will It Do It Again?
![BTC Chases S&P500 All-Time Highs During Past Half Years... Will It Do It Again?](/content/images/size/w1200/2024/01/DALL-E-2024-01-21-19.08.35-A-dramatic-scene-of-a-rocket-launch-at-dusk.-The-rocket-sleek-and-white-is-in-the-middle-of-a-powerful-ascent-with-bright-orange-and-yellow-flames-740x492-1.jpg)
"The S&P500 index of the US stock market has always been a leading indicator for bitcoin," said crypto analyst Kevin Svenson in a recent YouTube broadcast. Now that it's rising to new all-time highs, BTC will follow suit." "The S&P500 also hit a new high during BTC's second halving in 2016, and BTC followed suit seven months later. During the third halving in 2020, BTC hit a new high four months after the S&P500 hit an all-time high. We expect the next halving to follow suit. Meanwhile, the S&P500 index hit a new two-year high on January 19 (local time), closing at 4839.81. BTC's fourth halving is expected in April.
![BTC Chases S&P500 after halving blockchain bitcoin ethereum (SpotedCrypto)](https://www.spotedcrypto.com/content/images/2024/01/33435acbe772981765d9b7a82d8cc299.png)