Key Notes
- Jim Cramer took to X to say that crypto is “due for a push today”.Within the hour, the BTC price went from $108,239 to trade at $106,700.
- Traders are familiar with such patterns where the CNBC host frames a prediction, and it goes in the opposite direction.
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The crypto market has been buzzing ever since the Bitcoin
BTC
$108 041
24h volatility:
3.4%
Market cap:
$2.15 T
Vol. 24h:
$91.20 B
price declined shortly after Jim Cramer made a post.
Crypto enthusiasts are attempting to establish a connection between the almost 4% BTC price dip and the financial expert’s “push for crypto” prediction.
Bitcoin Price Declines to $106,700
In the early hours of October 22, Bitcoin price traded around $108,239, reflecting its tussle to push past the $110,000 resistance zone.
Amid this market situation, American TV personality and author Jim Cramer made a post on X stating that crypto is “due for a push today.”
Instead of the push Cramer predicted, Bitcoin saw its price reverse by about 1.4%. Precisely, the coin’s price declined to about $106,700 but has now recovered slightly to trade at $107,790.83.
The current level corresponds with only a 0.71% dip in the last 24 hours. Apparently, the author’s call was not sufficient to push the Bitcoin price up, but was enough to force a downtrend.
Some traders are familiar with such patterns of predictions from Cramer that lead to a price reversal. He received intense backlash on X for comparing the market setup to the 2,000 bubble.
The CNBC host even called it “where the cockroaches are,” referring to speculations crammed into corners known for hiding leverage and weak hands.
He was likely trying to warn investors while convincing them of an incoming upward trend. The market responded accordingly by rejecting his forecast with consecutive red candles.
Though Bitcoin struggles below $110,000, Peter Brandt says it could reach $250,000, but a bearish move toward $60,000 is also possible.
Bitcoin Hyper Presale Hits $24.5 Million, How to Join the Action
As Bitcoin works to regain momentum, all eyes are on Bitcoin Hyper (HYPER). This project is already generating buzz among traders thanks to its ongoing presale and growing reputation among retail investors.
Built as a Layer-2 solution for BTC, HYPER offers enormous potential for early supporters who are ready to take bold steps for big rewards. Its rapid rise and innovative approach have secured it a spot as the best crypto presale to buy in 2025.
Current Presale Stats of Bitcoin Hyper
Current Price: $0.013155
Amount Raised So Far: $24.5 million
Ticker: HYPER
Participation in the presale can be done via ETH, BNB, USDT, or credit card directly on the official Bitcoin Hyper website. Feel free to check out our guide on how to buy Bitcoin Hyper if you’re interested in joining the presale.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
Godfrey Benjamin on X
Source: https://www.coinspeaker.com/jim-cramer-crypto-push-bitcoin-reversal/
