Bitcoin trading under $80,000 stirred debate after Jim Cramer questioned the silence of vocal bulls, spotlighting weekend liquidity gaps, psychological price levels, and recurring tensions between short-term market moves and longer-term crypto fundamentals.
Jim Cramer Questions Weekend Silence From Bitcoin Bulls Near $80K
Market anxiety around bitcoin’s key price levels drew sharp commentary from CNBC Mad Money host Jim Cramer, who shared on social media platform X on Feb. 1 a series of posts questioning the silence of prominent crypto supporters as the asset hovered below $80K.
Cramer stated:
“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 and I say that as a long standing owner of bitcoin!!! Ahoy??”
The remarks reflected frustration with what he portrayed as selective engagement from bullish participants during periods of weakness, particularly outside traditional trading hours. Cramer framed the $82,000 mark as technically and psychologically significant, suggesting that a rebound by the start of the week would allow proponents to argue for a double-bottom pattern.
Beyond short-term price criticism, Cramer’s views on bitcoin have evolved into a structured investment thesis. He currently holds bitcoin as a core diversification asset after exiting his initial 2020 position in 2021, when he labeled it “fake money” following China’s mining crackdown. He later pivoted back to a constructive outlook in early 2024 and, by 2026, remains a vocal proponent, recently urging viewers to own bitcoin directly rather than through proxies such as Microstrategy. He has described the asset as a technological marvel and a permanent fixture in financial markets.
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In parallel, crypto traders continue to follow the so-called Inverse Cramer effect, a meme-driven narrative that took shape in late 2022 after his call to exit crypto aligned closely with a market bottom. Although the SJIM inverse Cramer ETF liquidated in early 2024, the pattern persisted culturally, as warnings about a weak start to December were followed by a rebound above $100,000.
Reflecting his skepticism about stakeholder behavior during off-hours trading, the Mad Money host wrote:
“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.”
FAQ ⏰
- Why is Jim Cramer focused on the $80,000 bitcoin level? He described $80,000 as a critical psychological line in the sand during recent declines.
- What price did Cramer say bitcoin needs to reclaim? He pointed to $82,000 as necessary to argue for a double-bottom pattern.
- Why does weekend bitcoin trading concern Cramer? He questioned why major defenders appear inactive during weekend selloffs.
- Did Cramer say he owns bitcoin? Yes, he emphasized he is a long standing owner of while criticizing market behavior.
Author: Kevin Helms
Source: Bitcoin
Reviewed By: Editorial Team
