Derived from Bitcoinist, crypto analyst Snow, who previously called the Bitcoin top, has stated that BTC will not reach $116,000 in the next year. He described the recent market recovery as a dead-cat bounce and warned traders not to expect sustained bullish momentum. Snow also suggested that the 'Supercycle' narrative is misleading and that he is currently positioning for further downside.
Bitcoin Analyst Predicts Price Will Not Reach $116,000 in Next Year
BitcoinistShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.