Renowned financial market commentator and CNBC host Jim Cramer spoke again. reacted We called out big Bitcoin players in an unusual and interesting post about the state of the cryptocurrency market.
While Cramer’s reaction does little to justify his position on Bitcoin, he is concerned as Bitcoin suddenly retests the $77,000 level.
Kramer asks Saylor to save $77,000 in Bitcoin
In a recent X post about Bitcoin’s current price slump, Kramer said: Bitcoin Players and large institutional investors are pushing up asset prices.
Cramer specifically called out Michael Saylor, calling on Strategy founders and other prominent Bitcoin proponents to demonstrate renewed belief at such an important level.
According to Cramer, Bitcoin should now use the $77,000 level it just tested as a “launching pad” to climb back higher. He pointed to $83,000 as his next price target for early February.
Bitcoin retests multi-month lows
Cramer’s comments are not at all surprising, as they come at a time of great volatility in the cryptocurrency market and major cryptocurrencies such as Bitcoin and Bitcoin are in the spotlight. XRP The stock is likely to retest its lowest levels in months.
His comments reflect growing uncertainty surrounding Bitcoin’s momentum, with the community beginning to wonder whether large buyers still have the “dry powder” to support further gains in the crypto asset.
Additionally, in this post, Kramer indirectly questions the vocal silence of crypto advocates, who have often been more expressive and vocal during times of strong backlash.
Along with Cramer, the crypto community is also looking forward to the next move that Bitcoin’s large proponents will make at such a sensitive time.
