Is the price of BTC in danger?

TL; DR

Bitcoin (BTC) is up more than 120% since the start of the year, with CNBC's “Mad Money” host Jim Cramer recently suggesting that those interested in Bitcoin should consider buying more.
Cramer's past advice on Bitcoin is inconsistent; In the year He advised selling crypto positions in December 2022 as “terrible”, but the price of BTC has doubled since then.
Earlier in 2022, Cramer suggested increasing exposure to Bitcoin and other cryptocurrencies as he predicted the end of the market correction.

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Is BTC crash inevitable?

Bitcoin (BTC) has made a spectacular comeback this year, with its price rising more than 120% since January 1st. .

It comes from the famous personality Jim Cramer – host of the CNBC television show “Mad Money”. He soon made a call To increase their exposure to major digital assets such as Bitcoin:

“Look, if you like bitcoin, buy bitcoin. This has always been my view. And I liked it for a while, and I decided that money was made, but I was premature, but I made a lot of money.

Cramer has made countless comments and predictions involving the largest digital asset by market capitalization, and more often than not, those predictions have been way off. This may be one of the reasons why investors should be concerned about the inverse reaction and correction of BTC in the near future.

When did it go wrong?

In December last year, he He advised Individuals are arguing that it's not too late to exit the ecosystem to sell their “terrible” crypto positions. Remember that BTC exploded over 100% since that advice.

In another case, at the beginning of 2022 Kramer It is estimated. The market correction is over, suggesting people to increase their exposure to Bitcoin, Ether and other digital currencies. However, 2022 has been far from profitable for crypto investors, seeing major setbacks such as the Terra crash. Melting of FTX.