Crypto analyst Snow, who called the Bitcoin top , has declared that BTC will not reach $116,000 in the next year. He made this comment while downplaying the recent market recovery, claiming it was merely a dead-cat bounce.

Analyst Says Bitcoin Will Not Break Above $116,000 In The Next Year

In an X post , Snow stated that the algorithm is printing a new ceiling, which is why Bitcoin will bounce, but that it will not breach $116,500 in the next 365 days. He further warned that this is simply a Dead Cat Bounce structure, which is why the analyst believes traders shouldn’t get their hopes up for sustained bullish momentum.

Snow had rightly called the Bitcoin top, selling the flagship crypto when it was trading around its current all-time high (ATH) of $126,000. The analyst

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