"Saylor to juice bitcoin after checking S&P futures… sub-$80,000 break may be ignored"

Suehyeon Lee

Summary

Jim Cramer said Michael Saylor will look at S&P 500 futures and then push bitcoin higher in one move.
Cramer said in the process the bitcoin price could sharply rebound from $76,500 to $82,500.
Some analysts said Saylor’s large-scale buying could affect the short-term price structure and investor sentiment, and that caution is needed.

U.S. CNBC host Jim Cramer has again made provocative remarks about Michael Saylor’s bitcoin-buying behavior.

On the 1st (local time), Cramer wrote on X that “Michael Saylor will check the S&P 500 futures tape around 6:30 p.m. and then ‘jam up’ bitcoin.” He added that in the process bitcoin could sharply rebound from $76,500 to $82,500.

Cramer in particular warned that “if that happens, some unprepared investors will shout ‘double bottom’ and ignore the technical breakdown signal of a drop below $80,000,” arguing that a short-term bounce could instead serve as a misleading signal.

The comments are drawing attention after Saylor recently hinted at additional bitcoin purchases with the phrase “More Orange.” Some in the market say that more than Strategy’s buying itself, caution is warranted over how the actions of a large buyer can affect short-term price structure and investor sentiment.

BTC