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Jim Cramer is once again active on social media regarding Bitcoin. The guy clearly can't stay silent when the market starts to shake. For several months now, he has been constantly commenting on BTC movements in his posts and on CNBC broadcasts.
I see that the current price is holding around 79,000, but Cramer still remembers when it recently fell below 80,000 and dropped to 74,000. At that time, he expressed very critical views — saying that such sharp weekend drops show that Bitcoin is unreliable as a payment method in the short term. He was surprised that major holders did not defend the psychological level at 80,000.
Jim Cramer set a line in the sand at 73,000 — if the price falls below, it will confirm market weakness. To regain growth, he needs to first hold above 77,000. He also allows for a short-term rise to 82,000 but warns that this could be manipulation before major players' reports.
Interestingly, Cramer prefers to react quickly through X and short segments on Mad Money, rather than giving large exclusive interviews. It seems he is focused on the stock market and the profitability of American companies. Despite all the criticism, he confirmed that he still personally owns Bitcoin but advises being cautious until the situation with major market players clarifies. Cramer still recommends buying Bitcoin directly, not shares of related companies.