## Is Bitcoin at the bottom? What does Jim Cramer's statement reveal?

At the end of December, renowned analyst Jim Cramer from CNBC expressed a completely bearish outlook on Bitcoin. This statement quickly spread throughout the crypto community, sparking lively debates about the market's next trend.

**What is the bottom and why is it important?**

The "bottom" in trading language refers to the lowest price level before an asset recovers. Correctly identifying the bottom is the goal of every investor, as it presents the best accumulation opportunity. Currently, Bitcoin is fluctuating around $90.64K, between two key levels: support at $81k and resistance at $93K. The question is whether the current price is the bottom or just a pause in the next downtrend.

**The "Cramer reverse" phenomenon**

Followers of Cramer's career have noticed an interesting pattern: when he loudly predicts something, the market often moves in the opposite direction. The Unbias tool recorded that most of Cramer's recent statements about Bitcoin are deeply pessimistic. This reality has become a meme within the community, with some even creating products that track opposite to his recommendations to "bet against" him.

Why is that? Cramer is not always wrong in fundamental analysis, but his statements—especially those with strong emotional tone—tend to mark market turning points. This time, when he focused on negative aspects like scam companies called Bitcoin, overwhelming debt, and complex derivatives, some traders saw this as a buy signal.

**What does on-chain data say?**

The weekly report from Glassnode on 12/17 painted a less optimistic picture. Large amounts of supply are falling, demand remains cold, and the volatility of the end-cycle actions makes decision-making difficult. However, these signs sometimes indicate traces of preparation for a recovery.

**Next scenario?**

If Bitcoin breaks through the resistance at $93K, market sentiment could reverse—from overly pessimistic to optimistic. This would prove that the bottom has been formed and the current price zone is the starting point of an uptrend. Conversely, if Bitcoin cannot hold support at $81K, the story will be entirely different.

In the nuanced world of crypto trading, betting against the loudest echoes often yields the greatest rewards. Could this time be another case? Only time will tell.