BTC-USD: CNBC's Jim Cramer Has Dismissed Speculation That Bitcoin Could Go Above $200000 This Year

input: CNBC’s Jim Cramer has dismissed speculation that Bitcoin could go above $200,000 this year, calling such predictions unrealistic.

CNBC’s Jim Cramer has shot down predictions of Bitcoin going above $200,000 this year as ‘unrealistic,’ even as the crypto market continues to grow with BTC exceeding $103,000.

Cramer’s remarks come amid a broader recovery in financial markets, which has been linked to a shift in U.S. trade policy under President Donald Trump.

As reported by Bloomberg, Cramer discussed how those who expected the market to collapse under renewed trade tensions misjudged the administration’s direction. However, he argued that this recovery does not warrant extreme projections in assets like Bitcoin.

Those predictions, which have been circulating on social media, seem "unrealistic" to Cramer, despite the crypto market’s strength.

Earlier this week, major U.S. stock indexes experienced a large rebound after the administration rolled back proposed tariffs on key trading partners, including China.

This move led to a broad rally across Wall Street, with the S&P 500 rising more than 6% over three days.

Cramer pointed to the recent market recovery as a response to Trump’s administration easing tariff pressures, contrary to earlier expectations of a more aggressive approach.

Bitcoin Above $103K Shows Strong Uptrend

While equities recovered on improved trade sentiment, Bitcoin maintained its upward trend.

At press time, Bitcoin traded at $103,794.10, showing a 1.11% increase over 24 hours. Its total market cap rose to $2.06 trillion, up 1.12% from the previous day.

The cryptocurrency touched levels above $105,000 during the session before pulling back slightly. Despite the positive price movement, daily trading volume dropped by more than 21%, falling to $49.87 billion.

The market data also reflects Bitcoin’s changing supply patterns. With a circulating supply of 19.86 million BTC, the asset continues approaching its maximum limit of 21 million.

The fully diluted valuation reached $2.17 trillion, and the volume-to-market cap ratio stood at 2.42%.

Analyst Xanrox Forecasts Bitcoin Peak Near $122K-$125K Before Subsequent Decline

Crypto analyst Xanrox supports this view, forecasting that Bitcoin is nearing the final stages of a bullish wave structure. Using Elliott Wave theory, the analyst identifies Bitcoin as being in Wave 3 of a five-wave pattern.

According to his TradingView post, this pattern signals the last upward movements before a larger market correction. Xanrox projects a top between $120,000 and $125,000, indicating $122,069 as a likely peak based on Fibonacci Extension levels.

His target coincides with a historical trend line connecting Bitcoin’s 2017 and 2021 highs, forming a projected arc toward the 2025 peak. Xanrox warns that once Waves 4 and 5 conclude, the market could enter a bearish phase.