Scottie Pippen Predicts Bitcoin to Reach $180,000 by Year-End

Legendary basketball player Scottie Pippen has predicted that the price of Bitcoin could reach $180,000 by the end of this year. This prediction comes at a time when CryptoQuant CEO Ki Young Ju has changed his stance, suggesting that all on-chain metrics indicate the end of the current bull market.

Pippen shared Bitcoin charts on X, comparing the current market trajectory with the 2020 bull run. According to his analysis, Bitcoin's price is following a similar pattern to that of 2020. In 2020, Bitcoin consolidated at the $9,000 level between June and July before experiencing a significant price surge in late July. This momentum helped Bitcoin break past the $10,000 resistance level, eventually peaking above $12,000. However, Bitcoin faced resistance at this peak and entered a consolidation phase for several weeks before dropping below $10,000 in September 2020.

The crypto market experienced a prolonged downturn, with some analysts predicting the end of the Bitcoin bull run. However, a strong rally in late October revived the market, pushing Bitcoin's price higher. This rally continued into 2021, with Bitcoin reaching an all-time high of $69,000.

Pippen believes that history may repeat itself, with Bitcoin following a similar trajectory. He shared his thoughts with his 723,700 followers on X, stating, “I know a thing or two about history repeating itself.” Pippen has gained attention in recent months for his bold statements about the cryptocurrency market. In early September 2024, he claimed that Bitcoin's creator, Satoshi Nakamoto, communicated with him in a dream, predicting that Bitcoin's price would hit $84,650 on November 5. Interestingly, Bitcoin's price nearly reached this target less than a week later.

According to Pippen's chart analysis, if Bitcoin continues to follow the 2020 pattern, it could experience a few more weeks of range-bound trading. However, his charts predict a steady recovery starting in July 2025, with Bitcoin potentially surpassing its previous all-time high of $109,000.

Pippen's prediction adds to the ongoing debate about the future of Bitcoin. While some analysts remain optimistic about the cryptocurrency's potential, others are more cautious, citing various on-chain metrics and market indicators. Pippen's unique perspective, based on his interpretation of historical price patterns, offers a fresh take on the current market dynamics. As the crypto community continues to monitor Bitcoin's price movements, Pippen's prediction serves as a reminder of the market's volatility and the potential for significant price swings.