Jim Cramer, host of CNBC’s Mad Money program, has made new statements about Bitcoin (BTC).
Jim Cramer, known in the crypto community as a reversal indicator, addressed BTC bulls and revealed his price prediction.
Noting Bitcoin’s sharp drop over the weekend, Jim Cramer launched a harsh criticism against Bitcoin bulls.
Asking Bitcoin bulls where they stand, Cramer, citing strategist Jessica Inskip, pointed to a potential support zone around $73,000.
Cramer stated that he expects Bitcoin to jump towards the $80,000 level, arguing that for this to happen, it needs to regain $77,000.
Cramer, targeting Strategy (MSTR) and its chairman Michael Saylor, questioned whether Saylor, a longtime Bitcoin bull, had “money readily available” to get involved.
Cramer stated that the recent drop reminded him of the volatility in Bitcoin, adding that he personally owns Bitcoin.
“The demonstration of what can happen to Bitcoin in a single weekend reveals its unreliability as a currency in the short term.”
Where are Michael Saylor and his cronies? Bitcoin needs to use this $77,000 springboard to reach at least $83,000 by February 7th. Does he even have any cash on hand? Where are the usual crypto supporters?”
Jim Cramer, who has become a contrarian indicator in the community, immediately caught the attention of the cryptocurrency community with his statements that BTC should rise by February 7th. At this point, the question is whether Cramer’s statements will negatively affect BTC.
*This is not investment advice.
