Will Bitcoin break through its high following Nasdaq?...Market stirred by the theory of chasing $136,700

▲ Bitcoin (BTC), Nasdaq (NASDAQ)/ChatGPT generated image

An analysis suggests that Bitcoin (BTC) could rise to the $136,700 level if it follows the same recovery path as the Nasdaq 100 index. While the Nasdaq 100 recovered its all-time high in 2025 and then rose an additional 8% above that peak, Bitcoin remained 35% below its October 2025 high of $126,272.

The Crypto Basic reported on May 6 that both Bitcoin and the Nasdaq 100 index entered a bearish trend after reaching their respective all-time highs in October 2025, amidst macroeconomic and geopolitical pressures. Subsequently, the Nasdaq 100 regained its previous high and rose an additional 8%, but Bitcoin has yet to recover its all-time high.

The price movements of Bitcoin and the Nasdaq 100 have shown a correlation since the fourth quarter of 2024. Both assets hit new lows at the end of 2024 and then benefited from the market rebound that followed Donald Trump's presidential election victory in November 2024. The Nasdaq 100 rose to 22,222 points by mid-February, and Bitcoin surpassed $109,000 by the end of January.

Both assets subsequently pulled back from their highs and showed signs of recovery after hitting lows in April 2025. As the rebound continued, the Nasdaq 100 reached 26,182 points in October 2025, and Bitcoin hit a new all-time high of $126,272 in the same month.

During its decline after the peak, the Nasdaq 100 fell to 22,841 points last month. The drop from its 2025 high was 12.76%. However, it subsequently rose for five consecutive weeks, recovering its 2025 all-time high and climbing 8% above that peak.

Bitcoin also showed a recovery trend, but the gap remains significant. Bitcoin rebounded 25.7% from its March 2026 low but remained 35% below its October 2025 all-time high. The original text stated that Bitcoin needs to rise approximately 55% more to regain its all-time high.

Multiple analysts have discussed the possibility of Bitcoin following the Nasdaq 100's recovery path. Michaël van de Poppe observed that during market rebounds, the Nasdaq 100 tends to recover first, with Bitcoin following the same trend one to three weeks later.

If Bitcoin recovers its 2025 high of $126,272 and then rises an additional 8% like the Nasdaq 100, its price would reach approximately $136,700. However, The Crypto Basic stated that it remains to be seen whether Bitcoin can replicate the same momentum. While Bitcoin has rebounded more significantly than the Nasdaq 100 in terms of recovery rate since March 2026, the larger depth of its previous decline means it still has a greater distance to cover to reach its all-time high.

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