Spot Bitcoin ETF The downward trend that has continued since the approval BTC pushing its price below $39,000 Jim Cramer, host of CNBC’s Mad MoneyA new Bitcoin post came from .
In the cryptocurrency community Jim Cramer, known as the reversal indicatorIn his post from his X account, he made skeptical statements about the future of BTC.
Drawing attention to the decline of Bitcoin, the famous presenter argued that the new theme is decline.
At this point, Cramer emphasized that Bitcoin fell 20% from its peak of $ 48,969 after the Spot ETF approval, and stated that BTC was ready for a “strong stance” but would not be successful in this.
Jim Cramer, who is skeptical about BTC regaining price stability and rising, said:
“Bitcoin is currently down about 20% from its high.
Despite this decline, I expect Bitcoin to maintain a strong stance, but since there is not enough money coming in, it will not be able to hold on and be successful.
New theme in Bitcoin: Number is Falling!”
Jim Cramer’s Bitocin post, known as the reverse indicator, also attracted the attention of the community.
Famous person known for buying Bitcoin at 67 cents in 2011 and still holding these BTCs Youtuber DaVinci Jeremyreferring to Cramer’s reputation as a reversal indicator “Reverse indicator Cramer- here for pump day in Bitcoin!” he commented.
Inverse Cramer – #Bitcoin pump is here to save the day!
— Davinci Jeremie (@Davincij15) January 23, 2024
*This is not investment advice.
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