• Bitcoin is showing signs of a bear trap, with Samson Mow predicting a sharp reversal after its recent 4% drop.
• Bitcoin could still reach $1 million, according to Mow, as market sentiment and institutional interest continue to shape its future.

Bitcoin has taken a hit in recent days, shedding over 4% of its value and tumbling from $87,500 to $83,800. But according to Samson Mow, CEO of AN3 and a well-known BTC advocate, this downturn could be nothing more than a classic “bear trap.”

Bear Trap in Motion?

A bear trap occurs when an asset appears to be in a steep decline, luring traders into shorting it—only for the price to unexpectedly reverse, surging back up and liquidating short sellers. Mow suggests that this is precisely what is happening with Bitcoin right now.

Several factors can contribute to a bear trap, including shifts in market sentiment, whale manipulation, or unexpected regulatory developments. Despite Bitcoin’s pullback, Mow remains confident that a sharp rebound is on the horizon.

Bitcoin to $1 Million? Mow Doubles Down

Mow has been a long-time proponent of Bitcoin’s potential to reach $1 million per coin, and he is not backing down. If the current decline is indeed a bear trap, Bitcoin could soon stage a strong reversal, shaking out short sellers and reaffirming its long-term bullish trajectory.

Bitcoin’s ability to bounce back will be closely watched by traders, especially as institutional interest continues to grow. Fidelity recently stated that Bitcoin overtaking gold is a “possibility,” further fueling optimism about its long-term prospects.

With Bitcoin’s next move still uncertain, all eyes are on whether Mow’s prediction will play out. Will Bitcoin defy the downturn and climb higher, or is more downside ahead before the next big rally?