Cramer’s reset lifts Bitcoin above $82,000
Bitcoin climbed above $82,000 after Jim Cramer wrote equities are no longer overbought; price tested the 200-day EMA as spot ETFs drew $2.44B in April
Bitcoin climbed back above $82,000 on Tuesday, trading near $82,450 on Binance and up about 1.9% for the day. The level had last held in late January.
Television host Jim Cramer wrote on May 6 that U.S. equities are no longer overbought and listed compute-AI, financials, travel and leisure, and U.S. manufacturers tied to Middle East reconstruction as potential leaders if the rally continues. He wrote, “We are no longer overbought so it is possible we can rally once more led by compute-AI and financials and even travel & leisure and manufacturing on the Middle East rebuild.” He added, “The computer-driven economy doesn’t care much about oil or interest rates.”
Bitcoin first crossed $80,000 on May 4 for the first time since January 31, after two earlier failed attempts in 2026. The recent advance pushed price above a support band that had capped recovery attempts since November 2025.
Technical indicators show the 200-day exponential moving average near $82,108, just below current levels, and the daily relative strength index at about 71.3, which traders view as overbought territory.
Spot Bitcoin exchange-traded funds recorded $2.44 billion in net inflows in April, the largest monthly total since October 2025. Market participants are watching whether ETF demand together with equity strength can sustain price gains.
Some traders pointed to recent volatility in the Nasdaq and S&P 500 and treat changes in Cramer’s stance as a contrarian signal. If Bitcoin fails to hold the 200-day EMA on a daily close, those traders say it would reinforce bearish positioning.
Estimates of Gulf reconstruction spending vary. An energy consultancy places energy-sector rebuild costs near $25 billion, while broader industry estimates range from $100 billion to $250 billion over a decade. The potential pipeline was part of the scenario Cramer referenced when discussing manufacturing exposure.
Market participants say the next technical test is a daily close above the 200-day EMA. A sustained rejection at that level would likely favor shorter-term sellers and increase caution among some investors.
