Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jim-cramer-comments-on-bitcoins-current-market-position/" data-wpel-link="internal">Jim Cramer Comments on Bitcoin’s Current Market Position</a><br></p>
<p style="text-align: justify">While <a href="https://en.coin-turk.com/bitcoin-decline-may-be-over-what-do-current-predictions-in-cryptocurrencies-indicate/" data-wpel-link="internal">Bitcoin</a> continues to experience volatile price movements, investors who have been growing increasingly anxious may start to worry after seeing what <strong>Jim Cramer</strong> might have implied about the current situation of Bitcoin (<a href="https://coin-turk.com/bitcoin-ne-zaman-yukselecek" data-wpel-link="internal">BTC</a>).</p> 
<h2 style="text-align: justify" id="did-jim-cramer-talk-about-bitcoin">Did Jim Cramer Talk About Bitcoin?</h2> 
<p style="text-align: justify">The host of “Mad Money,” Cramer, has not used a positive sentence about Bitcoin for a long time. Now, his recent cryptic phrase about “extreme buying” emerged after Bitcoin achieved a positive monthly candle closure above the previous cycle’s peak for the first time since 2012, for seven consecutive months.</p> 
<p style="text-align: justify">Bitcoin is currently trading at the $69,000 level after experiencing a 3% decrease in the last 24 hours.</p> 
<p style="text-align: justify">The current price level of <a href="https://en.coin-turk.com/pantera-capital-expects-bitcoin-to-reach-150000-in-the-2024-halving-cycle/" data-wpel-link="internal">BTC</a> remains low compared to its peak market value of $73,500. Some cryptocurrency analysts continue to predict that the Bitcoin price could fall to as low as $63,000.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336115" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-gorunum-fiyat-coin-turk-com.png" alt="" width="1835" height="891"></p> 
<p style="text-align: justify">With the price being approximately 10% lower than its all-time high (ATH), Cramer hinted that being a BTC seller might now be better than being a buyer. He commented that the market is currently as “overbought” as it has been for a while.</p> 
<p style="text-align: justify">Many crypto enthusiasts are trying to figure out whether Cramer’s comment is another April Fool’s joke or one of the famous figure’s contrarian indicators.</p> 
<h2 style="text-align: justify" id="bitcoin-growth-and-stock-market-indices">Bitcoin Growth and Stock Market Indices</h2> 
<p style="text-align: justify">The Bespoke <a href="https://en.coin-turk.com/donald-trump-opposes-central-bank-digital-currency-in-2024-election-campaign/" data-wpel-link="internal">Investment</a> Group recently shared observations that overbought signals have appeared in all index-based exchange-traded funds in the US.</p> 
<p style="text-align: justify">A clear example of this was seen in the S&amp;P 500 index, which tracks the performance of large companies listed on US exchanges. This index reached another ATH of 5,250, representing a 22% increase in just the last six months.</p> 
<p style="text-align: justify">Despite reaching the highest overbought level since December 2020, the index continued to rise.</p> 
<p style="text-align: justify">With the start of trading in spot Bitcoin ETFs, BTC has broken away from its long-standing correlation with technology stocks. This could be interpreted as a market correction being unlikely to positively trigger the largest cryptocurrency.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/jim-cramer-comments-on-bitcoins-current-market-position/" data-wpel-link="internal">Jim Cramer Comments on Bitcoin’s Current Market Position</a></h5>

Jim Cramer Comments on Bitcoin’s Current Market Position

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