When will BTC breakout?

BTC is clearly consolidating below it's prior all time high, which is a pre-cursor for a large explosive move to the upside.

But when will it finally breakout?

Here's one obvious condition we're keeping an eye on that needs to be met in order for BTC to break out:

Historically, BTC does not take out it's prior ATH and start pumping until the S&P500 is comfortably above it's prior all time high.

Comfortably above it's all time high equates to 8% to 20% above all time high.

In other words, stocks pump first, then BTC generally follows.

Look for ~$6500 $SPX levels before BTC really starts moving. This could be in a few weeks or may take a few months.