CNBC’s Mad Money host Jim Cramer said Bitcoin could climb back toward the $82,000 area even after the recent sell-off, but warned investors not to read too much into short-lived rebounds.
Cramer’s $82,000 target lines up with a key resistance level flagged by Finbold, and came as BTC staged a Monday morning bounce after a sharp decline. He singled out Michael Saylor — noting that Saylor’s firm has a habit of buying Bitcoin on Mondays — but cautioned that rallies driven by those purchases aren’t a reliable signal. Cramer called anyone interpreting such moves as a “double bottom” pattern “ill-advised.”
He also suggested the pullback may partly reflect short sellers trying to pressure big buyers like Saylor. While saying a likely short-term bottom may exist, Cramer emphasized that the recent swings underscore Bitcoin’s continued volatility and its unsuitability as a stable form of money. He added that he holds Bitcoin himself despite those reservations.
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