Cramer Calls $200k Bitcoin Target Unrealistic, BTC Surges Above $103K

Despite recent gains in the crypto market, Jim Cramer dismisses predictions of Bitcoin hitting $200,000 this year. Instead, he attributes Bitcoin’s current surge to easing trade tensions under President Trump’s administration, which has led to a recovery in major U.S. stock indexes. Analysis by an analyst suggests that Bitcoin might reach a peak near $122,000 before experiencing a bearish correction according to Elliott Wave models. Meanwhile, trading volume for Bitcoin has decreased by over 21%.