This Crucial Step Could Lead Bitcoin Back to Its $65,000 High

Inertia. [Jeff Clark's Market Minute]( This Crucial Step Could Lead Bitcoin Back to Its $65,000 High By Imre Gams, analyst, Market Minute Inertia. It’s one of the fundamental principles of classical physics. Simply put, it means an object won’t change its motion unless an external force impacts it. Today I’ll explain why inertia is a powerful investment strategy… When a trend is in motion, it’s like a runaway freight train. It often takes titanic forces to cause a major trend to reverse. For example, consider the historic collapse in bond prices. By the end of the year, 10-year Treasury bonds will have been down three years in a row. This has never happened before in the entire history of the United States. The force behind this collapse was the Fed’s equally historic interest rate hiking policy. Powell’s Federal Reserve raised rates from near 0% to 5.25% in a year and a half. This same policy crushed stocks in 2022. It also wasn’t very kind to Bitcoin, which dropped nearly 70% as the Fed started its first rate hikes. Recommended Link [How to Collect “Amazon Secret Royalty Payouts” as soon as December 10th]( [image]( Did you know over 1.6 million Amazon packages are delivered to front porches across the country every single day… (Just take a look in your own neighborhood!) Americans can’t get enough. Yet, by exploiting a strange IRS loophole… A small group of regular Americans have discovered how to collect payouts from a little-known investment that we call “Amazon’s secret royalty program.” The way it works is simple: It’s a way for you to buy and own a critical asset Amazon needs to stay in business… Which means Amazon MUST PAY for the rights to use it! And these payouts can grow up to $28,544 (or more!) every single year... Click below to learn more… The next payout is scheduled for as soon as December 10th. [Watch Video Now.]( -- But now, things are changing. Last Wednesday marked the second time in a row that the Fed hasn’t raised interest rates. And while it’s still very early, the market is betting that the Fed’s rate hikes are now over. Lower interest rates will give investors an incentive to put their cash to work. And while stocks and bonds will benefit from this, so will Bitcoin. Eventually, Bitcoin will go back to its previous all-time closing high of $65,000. But before reaching $65,000, Bitcoin has to break out of its current trend channel first. Take a look at the chart of Bitcoin below (blue lines)… [(Click here to expand image)]( Notice how Bitcoin has broken above the 20-, 50-, and 200-period moving averages. These represent the short-, intermediate-, and long-term trends within the market. Breaking above those moving averages is a crucial step to establishing a long-lasting uptrend. And now that the Fed is giving investors a great reason to deploy any cash they might be sitting on, we could see a fierce rally in Bitcoin. The next immediate objective for Bitcoin bulls is to take prices out of that trend channel drawn on the chart. Doing so will result in what I call “escape velocity.” 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. That’s when a market starts trading sharply higher. And it almost always occurs after a trend channel breakout. I’ll be keeping a very close watch on Bitcoin’s trend channel. If we take it out, look for an update here in Market Minute because what happens next will be exciting. Happy trading, [Signature] Imre Gams READER MAILBAG Bitcoin has been making moves, are you watching? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Millionaire Trader doesn’t seek the limelight. He just wants to help regular people.]( During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret. Jeff politely said no. Choosing rather to reveal how anyone can collect huge gains in just 8 days… in bullish AND bearish markets… Focusing on only ONE stock. [(Ticker revealed here)]( Jeff says: “I am tired of watching as investors lose their shirts buying risky assets… even my OWN SON lost -60% in crypto & tech stocks… now I’m going to give him a “Financial Intervention” to help him win his account back in 2023!” [Click Here to Watch Jeff Demonstrate This ONE Stock Secret.]( [image]( [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. 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