Overview
- In a post on X, Jim Cramer said crypto was “due for a push,” likened current speculation to the 2000 dot‑com era, and urged investors to trim exposure.
- Soon after the post, Bitcoin slipped from about $108,200 to roughly $106,700 before stabilizing near the $107,000–$108,000 area.
- Some traders linked the intraday reversal to the timing of Cramer’s forecast and criticized his dot‑com comparison on X.
- Technical readings pointed to support around $106,000–$107,000 and resistance near $114,000–$115,000, with RSI near 40 and the Parabolic SAR above price indicating soft momentum.
- Price action remains fragile following recent spot ETF outflows and sizable derivatives liquidations that have dampened buying interest.