Bitcoin Price Drops to $106,700 After Jim Cramer Prediction
The crypto market witnessed a decline in Bitcoin price following a prediction by Jim Cramer. The price dropped nearly 4% after his statement, but has slightly recovered.
Bitcoin Price Trends
- Bitcoin traded at approximately $108,239 on October 22, struggling to surpass the $110,000 resistance level.
- Jim Cramer predicted a push for crypto, but Bitcoin's price fell to about $106,700 and later settled at $107,790.83, marking a 0.71% dip over 24 hours.
Cramer's predictions often lead to price reversals, drawing criticism for comparing the current market to the 2000 bubble.
Future Outlook
- Peter Brandt suggests Bitcoin could reach $250,000, though a bearish move toward $60,000 is also possible.
