Jim Cramer watches this key bitcoin support level as Michael Saylor hints at buying the dip

Jim Cramer weighed in on bitcoin’s BTC$77,802.85 sharp weekend slide to around $74,000 — its lowest level since April 2025 — questioning where the asset’s most vocal supporters were as prices tested key technical levels.

The CNBC host pointed to a potential support zone near $73,000, citing strategist Jessica Inskip, while suggesting bitcoin needed to reclaim $77,000 as a “launching pad” back toward the low-$80,000s. He repeatedly invoked Strategy (MSTR) executive chairman Michael Saylor, asking whether the longtime bitcoin bull had “dry powder” to step in.

Saylor hinted that his company purchased more bitcoin over the weekend, tweeting “more orange” on Sunday.

Cramer framed the decline as a reminder of bitcoin’s volatility and limitations as a currency in the short term, even as he noted that he personally owns the asset. “The demonstration of what can happen in a weekend with bitcoin demonstrates its unreliability, on a short-term basis, to be a currency,” he wrote.

More broadly, Cramer suggested the crypto selloff was feeding into wider risk markets, arguing that leveraged traders in metals and other speculative corners often liquidate equities to raise cash when prices drop elsewhere. Still, he urged investors not to get consumed by “jeremiads of destruction,” instead focusing on opportunities in stocks and corporate earnings rather than macro-driven distractions like bitcoin or precious metals.

Cramer speculated that short sellers may be pressing bitcoin ahead of Saylor’s company reporting later this week, warning that bullish narratives from “the usual defenders” may not be enough if the price break accelerates.