Odaily News Encryption Analyst Kevin Svenson released a data prediction. He pointed out that the SP 500 often plays a pioneering role in predicting the rise of Bitcoin prices. Svenson said: “The SP always leads when Bitcoin hits new all-time highs. This is a good sign because Bitcoin is still 40% below its all-time high, while the SP is close to its all-time high.” By analyzing historical data, Svenson noted that after the SP 500 hits new highs, Bitcoin will follow suit. Svenson said that considering the SP 500 is currently just below its peak level of 4,796 set in early 2022, he believes Bitcoin may be approaching a similar milestone. He predicted: Bitcoin may reach an all-time high in less than half a year, about four months. (Benzinga)