Bitcoin Price: Can Scottie Pippen’s Prediction of $180K Become Reality?
Bitcoin Price – Scottie Pippen, the former American basketball star turned Bitcoin enthusiast, is optimistic about the cryptocurrency’s future, predicting that BTC could reach new heights in the current market cycle. His prediction comes despite some leading analysts, like CryptoQuant CEO Ki Young Ju, recently suggesting that the Bitcoin bull run might have ended. Ki Young Ju’s shift in sentiment was based on on-chain metrics indicating the end of the rally.
Pippen, however, remains confident, sharing a daily BTC chart that compares the ongoing cycle to the one seen in 2020. According to the data, Bitcoin has been mirroring the 2020 market uptrend, particularly following a similar path after a consolidation period at around $9,000 in mid-2020. Afterward, Bitcoin experienced a surge, pushing past the $10,000 resistance and briefly peaking above $12,000. This was followed by a brief downturn, which many thought marked the end of the bull run, but Bitcoin rebounded, continuing its rally all the way to the $69,000 ATH by November 2021.
Is Bitcoin Set to Repeat History?
According to Pippen’s chart, Bitcoin’s recent rally from November 2024 to January 2025, surpassing $109K, mirrors the July-August 2020 surge. Pippen suggests that this pattern will repeat, leading to another price surge in mid-2025. If the pattern holds, Bitcoin could eventually reach $180K, aligning with the predictions of other industry leaders like VanEck’s Matthew Sigel and Messari’s Ryan Selkis.
While Pippen doesn’t provide an exact price target, his analysis indicates that Bitcoin’s trajectory could lead it to surpass the $180K mark in the coming months. As of press time, Bitcoin is trading at $85,743, showing a 3% increase in the past 24 hours, fueling further anticipation for the potential bull run ahead.
Bitcoin’s Future Remains Promising
With a growing consensus among analysts and market veterans like Gert van Lagen supporting the idea of an ongoing bull run, many believe that Bitcoin’s journey to even higher price levels could be just getting started.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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