Bitcoin Has Been Breaking Its Promise

When are the 100%+ gains coming? [Jeff Clark's Market Minute]( Bitcoin Has Been Breaking Its Promise By Eric Shamilov, analyst, Market Minute Bitcoin was created to defy the market… An asset that was created to be devoid of influence from the Fed, the government, and general market sentiment…. And at its best… this has been true. For instance, in 2017, leading up to the introduction of the first bitcoin futures product, it rose 366% in three months. Or in 2019, after the “crypto winter” the year before, it rose 232% in the first six months. The biggest example was bitcoin’s 700% rise coming out of the lows of the pandemic… when it reached $40,000 for the first time. All of these gains in bitcoin happened when its correlation to the overall market was falling, and it was dancing to its own beat. Recommended Link [[DEMO] Penny or Dollar? (Not what you expect)]( Something odd is going on with our money. If you understand what’s going on, you could come out far ahead if you make the right moves. But if you don’t, you could be blindsided in the days ahead. According to Nomi Prins, PhD, this could be the most important story in the financial world in 2022… It has little to do with stocks, bonds, or cryptocurrencies… In fact, it all traces back to the humble copper penny. [image]( Knowing this secret could unlock the key to lining your pockets with cash in the months ahead. [Click here to see Nomi’s short demonstration.]( -- Even though bitcoin has recently bounced 30% from its lows this year, it has done so completely in sync with the market. So, its correlation to the market has been high. Take a look at this chart… [chart] [(Click here to expand image)]( The black solid line is bitcoin’s correlation to the S&P 500 with bitcoin’s price overlaid in the background. The three examples we pointed out above all came when correlation with the market was falling… Right now, that correlation is at its highest. This is probably due to institutional influence from the hedge funds and banks that got in on it… diluting bitcoin’s unique qualities. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Investors who are interested in timing those big 200%+ gains in bitcoin want to see the price moving up without help from the market… an even better scenario would be bitcoin rising with the market falling. For bitcoin to do that, it needs a new [bullish]( narrative. Right now, it just doesn’t have the hype to push it through the labyrinth of market fluctuations. That’s a problem for bitcoin, because when it trades with the market it becomes the market on steroids. Which is why you may have noticed that the end of the relief rally in the market – a rally I called would come to an abrupt end on [March 29]( – saw bitcoin drop 10%. And correlations staying high also means that a deeper pullback in the market will result in an even deeper pullback in bitcoin. [[Bombshell Claim] The ONLY Stock You Need to Retire Wealthy]( Without a new narrative specific to bitcoin – one that’ll unchain its price from all the algorithms and trader influence at some technical level or other – the trajectory of its returns will continue to resemble that of the market. Investors looking for the large types of gains in bitcoin I mentioned earlier should be asking themselves one thing… Right now, what makes bitcoin different than the market at large? Regards, Eric Shamilov Analyst, Market Minute Reader Mailbag How do you think bitcoin can go back to generating big gains without market influence? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [Don’t Buy Tesla, Apple, Bitcoin – One Stock is All You Need…]( Buying Tesla, Apple, Amazon, bitcoin or anything else right now – is a DEVASTATING financial mistake. Hi folks, Jeff Clark here… I’ve joined the ranks of the top 1% of wealthy Americans… by IGNORING 99% of the entire stock market. Take a look at this… Among 6,000 different stocks on the market to choose from… Hides ONE very special stock. I call it, “The One Stock Retirement” because… I’ve used it for years (through ANY market condition) closing gains like 373%, and more – time and time again. Trading this ONE stock over and over again is changing the lives of everyday folks across the world – from school teachers to doctors. And you don’t need trading experience… and you can get started with $100 or less! [Click here to watch this exclusive interview.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [How to Earn Free Bitcoin]( [The Gold Investor’s Guide]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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