Contrarian Indicator Jim Cramer Makes Price Prediction for Bitcoin (BTC)! Will His Predictions Turn Out to Be the Opposite Again?

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.

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.

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