{"id":23798,"date":"2025-04-22T07:30:00","date_gmt":"2025-04-22T11:30:00","guid":{"rendered":""},"modified":"2025-08-22T08:17:46","modified_gmt":"2025-08-22T12:17:46","slug":"its-time-for-bitcoin-miners-to-play-catch-up","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/its-time-for-bitcoin-miners-to-play-catch-up\/","title":{"rendered":"It\u2019s Time for Bitcoin Miners to Play Catch Up"},"content":{"rendered":"\n

The setup in bitcoin looks bullish.<\/p>\n\n\n\n

Here\u2019s the chart\u2026<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

After peaking above $105,000 in early February, bitcoin has been in a consistent downtrend \u2013 making a series of lower highs and lower lows. But, as bitcoin approached $75,000 earlier this month, the momentum indicators at the bottom of the chart were making higher lows.<\/p>\n\n\n\n

This sort of \u201cpositive divergence\u201d is often an early warning sign of an impending rally.<\/p>\n\n\n\n

For the past three weeks, bitcoin has been stuck in a tight trading range near the $85,000 level. This consolidating action has allowed all of the various moving averages to coil together and build up energy to fuel the next big move.<\/p>\n\n\n\n

And, after yesterday\u2019s rally, it appears \u201cthe next big move\u201d will be to the upside.<\/p>\n\n\n\n

But, as bullish as the setup is in bitcoin, the bitcoin mining stocks look even better.<\/p>\n\n\n\n\n\n

bitcoin and the bitcoin mining stocks tend to move in the same direction. When bitcoin is in rally mode, so too are the miners. When bitcoin is falling, the miners tend to decline right along with it.<\/p>\n\n\n\n

But something unusual has been happening for the past several weeks. While bitcoin has been chopping back and forth in a trading range between $76,000 and $86,000, the bitcoin miners have been declining to new lows.<\/p>\n\n\n\n

The stock declines have been so severe the miners now trade at the lowest value ever relative to bitcoin. Take a look at this ratio chart comparing the performance of bitcoin versus the Valkyrie Bitcoin Miners Fund (WGMI)\u2026<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

When this chart is rising, bitcoin mining stocks are outperforming bitcoin. When the chart is falling, the miners are underperforming.<\/p>\n\n\n\n

The relative underperformance of the miners has never been this extreme.<\/p>\n\n\n\n

That means one of two things must happen to bring it back into its historic range. Either bitcoin needs to fall, or the bitcoin miners have to rally \u2013 or some combination of the two.<\/p>
The current setup in bitcoin looks bullish. And, if bitcoin rallies then the mining stocks are likely to play a game of \u201ccatch-up.\u201d<\/p>\n\n\n\n

Traders who are bullish on bitcoin can buy the cryptocurrency right here. But, the bigger gains will likely come from the bitcoin miners.<\/p>\n\n\n

Best regards and good trading,<\/p>\n

\"Signature\"<\/p>\n

Jeff Clark
\nEditor, Market Minute<\/em><\/p>\n

\n

Free Trading Resources<\/strong><\/p>\n

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 \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The setup in bitcoin looks bullish.<\/p>\n","protected":false},"author":100,"featured_media":0,"comment_status":"closed","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[7],"newsletter-type":[],"ticker":[],"class_list":["post-23798","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-jeff-clark"],"acf":[],"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/23798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/100"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=23798"}],"version-history":[{"count":2,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/23798\/revisions"}],"predecessor-version":[{"id":25016,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/23798\/revisions\/25016"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=23798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=23798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=23798"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=23798"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=23798"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=23798"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=23798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}