Bitcoin (BTC) Rebound Possible as Nasdaq Hits All-Time High

The Nasdaq Composite hit a new all-time high on Friday, despite uncertainty in tech stocks. This trend could positively impact the price of Bitcoin (BTC), which has been experiencing a bearish trend in recent weeks. While the correlation between Bitcoin and Nasdaq is not always clear, the latest ATH could trigger a related rally for BTC. Although Bitcoin is below its 50, 100, and 200 Moving Averages, the recent uptick in price suggests a potential change in trend direction. The recent increase in spot Bitcoin ETFs and bitcoin miner selloff could also contribute to a Bitcoin recovery.