NASDAQ is the next?

Recently, Dow Jones and S&P 500, the 🇺🇸 stock indcies, broke ATH(All Time High). But, the NASDAQ index is still below the ATH. Is NASDAQ the next?

Source: Investing.com

As far as I know, the 🇺🇸 stock markets tend to grow after breaking the previous ATH. As well as, this year is the 4th year of Biden's presidential years.

If it follows the average movement of the presidential cycles, this year wouldn't likely happen a recession. In this regard, the NASDAQ index is trying to break ATH soon.

However, the BTC(Bitcoin) price is floundering in the water. I think it's a temporary movement. Since spot BTC ETF(Exchange-Traded Fund)s were approved by the SEC(Securities Exchange and Commission), the BTC price is likely to follow the trend of the 🇺🇸 stock markets.

Source: @rektcapital on X
(Formerly, Twitter)

Take a look at these charts. The mint color section means the period of 60 days before the BTC halvings. The orange color section means before the mint color section. As you can see, the BTC price tends to be bearish in the orange color section, and bullish in the mint color section.

The 🇺🇸 current macroeconomy indicates the labor market is robust, and the Dow Jones and S&P 500 are recording new ATH. So, the current market condition is expected different to the BTC 3rd halving. Then, I think there wouldn't be a deep price correction this year in terms of the quant investment. I mean, it's likely to follow the trend of the BTC 2nd halving.

Furthermore, the deep price correction means at least -50% price correction such as the COVID-19 collapse. So, in my personal opinion, the BTC price is likely difficult to decline less than $30k.

Source: Binance exchange

We have less than 3 months left until the next BTC 4th halving date. If my view is correct, the crypto market will be nice after the mid-Feb.