Bitcoin trading below $80,000 drew fresh scrutiny after CNBC host Jim Cramer questioned the absence of vocal bulls as the cryptocurrency struggled over the weekend.
Posting on X, Cramer highlighted what he described as selective engagement from bitcoin supporters during periods of weakness, particularly outside normal market hours.
“Where are the usual bitcoin defenders? I figure they have until Monday to get it back to $82,000 so they can claim double bottom,”
Said Jim Cramer.
Cramer framed $82,000 as a key psychological and technical level, arguing that a rebound would allow proponents to argue for a double-bottom pattern.
The comments come despite Cramer maintaining a long-term constructive stance on bitcoin, which he now holds as a core diversification asset after previously exiting and later re-entering the market.
“I am always surprised that those who have the most to lose by a falling bitcoin ($80,000 line in the sand) don’t defend it over the weekend,”
Cramer added.
His remarks also revived discussion of the so-called Inverse Cramer effect, a long-running crypto meme that tracks how his bearish calls have often coincided with market bottoms.