PakGazette – No matter how deep you are in the cryptocurrency market, Scottie Pippen is warning investors about bear traps in (BTC) that certainly weren’t on anyone’s bingo card a year ago. But we are in 2025 and it is a reality.
In his latest post on financial in which a fall in prices is artificial. created to make everyone believe that the asset is about to sell off hard and go short, only to then squeeze short and wipe out all the sellers with a sudden bullish move.
For Pippen, this is a situation where, as he says, “they want your Bitcoin and they want your crypto.” It is not clear who “they” are, but the basketball player urges not to “get shaken” during the current price drop.
As can be seen in a chart attached to Pippen’s post, those who survive this bearish trap can expect a period of renewed optimism thanks to rising prices.
All this can cause a “fear of missing out” among those who did not join the demonstration before and experience the euphoria. This is when, according to the chart, Bitcoin price will peak and enter a bearish mode, ending in despair.
It will be interesting to see if Pippen’s predictions come true. If he is right, the market has probably found its new, rather unexpected prophet.
