Bitcoin has moved back above its 200-day moving average and is edging toward a golden cross, a pattern that has preceded rallies in each of its last four appearances. The cryptocurrency is currently trading around $72,326.54, representing a weekly gain of more than 12% and putting the price back above its 200-day simple moving average. The golden cross pattern would form if Bitcoin's 50-day simple moving average, currently at $63,976, keeps rising and crosses above its 200-day SMA, currently at $69,005. For the golden cross to emerge, both moving averages need to move in the same direction, with traders widely regarding the pattern as a bullish long-term signal. This marks a significant technical development as Bitcoin had traded below its 200-day SMA since October 2025, when its price was roughly $110,000, marking its long-term downtrend.
Jim Cramer has delivered conflicting advice on Bitcoin investments, first selling his entire position due to quantum computing concerns and then advising a caller to buy the same asset. According to reports from CoinDesk, Cramer sold his Bitcoin over quantum fears less than a month ago, then turned around to tell a caller on the latest episode of Mad Money to buy Bitcoin directly. The reversal has traders once again invoking the 'Inverse Cramer' theory, which treats his calls as contrarian signals rather than forecasts. Cramer's latest analysis extends beyond Bitcoin, warning investors about a potential IPO market bubble that could impact broader market performance. He argues that the renewed rush of companies into public markets might create a broader problem for stocks, drawing on lessons from earlier speculative booms, particularly pointing to the SpaceX IPO on June 12, which priced at $135 per share and yielded nearly $85.7 billion.
Cramer's exit from Bitcoin stems from a July 31 Mad Money interview with IBM Chairman and CEO Arvind Krishna, who warned that quantum computers could eventually crack the cryptography protecting Bitcoin. As reported by CoinDesk, Krishna stated that investors should give themselves three or four years, and at that point, would get rather paranoid about it. Days later, Cramer announced on air that he would sell his Bitcoin, though no wallet address, filing, or position size has confirmed the trade actually happened. The quantum concerns now appear less relevant as Bitcoin demonstrates strong resilience amid current market conditions and technical indicators suggest a potential bullish trend reversal.
In his latest analysis, Cramer is warning investors about a potential IPO market bubble that could impact broader market performance. According to CNBC, Cramer argues that the renewed rush of companies into public markets might create a broader problem for stocks, drawing on lessons from earlier speculative booms. He points to the SpaceX IPO on June 12, which priced at $135 per share and yielded nearly $85.7 billion, as evidence of the current IPO mania. Cramer warns that this surge in new listings could initially appear to signal healthy risk appetite while creating pressure elsewhere in the market, effectively flooding the market with new stock supply that ultimately drags prices down. He urges investors to be 'extra wary of the IPO cycle,' as new deals continue 'flooding the market with new stock supply' and ultimately drag prices lower.
The technical move above the 200-day moving average represents a significant shift in Bitcoin's long-term trend, though traders note this could still be a relief rally rather than the start of a sustained uptrend. As reported by Milk Road, the Treasury's bond buyback announcement has created significant market dynamics beyond Bitcoin, with the U.S. government now bidding against Meta for the same lenders at 5.2% for 30-year bonds. The dollar debasement typically makes scarce assets like crypto more valuable, amplifying the current Bitcoin rally. The surge has been further amplified by forced liquidations, with about $1.1 billion worth of shorts being closed during the rally, representing the largest single-day short liquidations in Bitcoin's recorded history. A decisive move back below the 200-day SMA could invalidate the case that Bitcoin's longer-term trend has turned bullish, making the current technical setup critical for determining the sustainability of the current rally.
Bitcoin has demonstrated exceptional performance since Cramer's original sell call, when it traded near ₹5.6 lakh. As reported by CoinDesk, Bitcoin now trades near ₹6.2 lakh and touched an intraday high of ₹6.3 lakh, a run that has continued regardless of his stated exit. The current rally represents only 6% of Bitcoin's history being this quiet, with the cryptocurrency experiencing 94% of its entire history with more volatility than current levels. Golden crosses have occurred in February 2023, October 2023, October 2024 and April 2025, and each one preceded further rallies in Bitcoin's price. Whether Cramer actually holds, sold, or has quietly bought back into Bitcoin remains unverified, though his on-air signals now contradict each other within weeks. Cramer's broader market analysis suggests investors tend to focus on risks that are already discounted by the market, emphasizing that 'when there's a widely held consensus view about something, anything, you have to assume that view is already being discounted by the stock market'.
