Looks like Jim Cramer once again pressed the Sell button a little too late. 😏
On August 3, he said he was selling his Bitcoin due to concerns about quantum computing. At the time, $BTC was trading at roughly $63K. Since then, Bitcoin has risen by about 38%.
But it’s not even about Cramer. In the past 24 hours, more than $1B worth of positions were liquidated across the crypto market, about $840M of which were shorts.
However, in April 2022, $BTC also found itself above this line, but still couldn’t close roughly 5% above it. After that, a decline began, which ultimately pushed the price into the $40K range.
So now it’s not just interesting that $BTC reached $82K.
The question is whether it can hold above the 50 WMA—or whether the 2022 story will once again remind everyone.
#UkrainianContent
On August 3, he said he was selling his Bitcoin due to concerns about quantum computing. At the time, $BTC was trading at roughly $63K. Since then, Bitcoin has risen by about 38%.
But it’s not even about Cramer. In the past 24 hours, more than $1B worth of positions were liquidated across the crypto market, about $840M of which were shorts.
However, in April 2022, $BTC also found itself above this line, but still couldn’t close roughly 5% above it. After that, a decline began, which ultimately pushed the price into the $40K range.
So now it’s not just interesting that $BTC reached $82K.
The question is whether it can hold above the 50 WMA—or whether the 2022 story will once again remind everyone.
#UkrainianContent