Cramer "Bitcoin Bullish" Claim...Surging with an Overbought Bomb

▲ Bitcoin (BTC)

Bitcoin (BTC) reclaimed $82,000 immediately after CNBC's economic broadcast host Jim Cramer's remarks about an overbought market easing. Consequently, the market is once again wavering between signals of a bullish return and warnings of short-term overheating.

According to cryptocurrency media outlet BeInCrypto on May 6 (local time), Bitcoin surpassed $82,000 on Tuesday, recovering the price level it had lost since late January. Cramer stated that the U.S. stock market is no longer overbought, and that computing AI, finance, travel & leisure, and manufacturing related to Middle East reconstruction could lead the uptrend.

Cramer had warned in mid-April that the U.S. market was in an extremely overbought state, but this time he changed his stance, saying there is room for the stock market to rise again. He said, “We are no longer overbought, so a rally led by computing AI, finance, travel & leisure, and Middle East reconstruction manufacturing is possible again.” BeInCrypto reported that Cramer's re-evaluation of risk assets is also significant for Bitcoin investors because Bitcoin has moved closely with U.S. risk assets during this cycle.

Bitcoin surpassed $80,000 on May 4, which was the first time since January 31. Previously, Bitcoin had attempted to recover $80,000 twice in 2026 but was met with resistance each time. This recovery was also notable because it pushed the price back above the bullish support band that had limited all rebound attempts since November last year. Market analysts view this band as a demarcation line between bearish and bullish phases.

Technically, the 200-day exponential moving average (EMA) was presented as a key gateway. This line is near $82,108, and if Bitcoin holds it on a daily closing basis, it would be the first time it recovers a major long-term average since the downtrend began after its all-time high in late 2025. However, the daily Relative Strength Index (RSI) entered the overbought zone at 71.30, indicating both new momentum and the possibility of a short-term cool-off.

In the market, the so-called “Inverse Cramer” debate, where Cramer's remarks are interpreted in reverse, resurfaced. Some investors believe that the technical overbought resolution may not last long, citing recent Nasdaq and S&P 500 volatility. Cramer has historically offered alternating bullish and bearish outlooks on Bitcoin, leading some traders to use him as a contrarian indicator.

BeInCrypto reported that Bitcoin's next test depends on whether it can maintain the 200-day exponential moving average until the weekend. If a daily closing price forms above this zone, it would strengthen the scenario of a renewed risk asset rally, but if the breakout fails, it could reignite the Inverse Cramer debate.

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