Bitcoin Price News Today: Galaxy Exec Warns Bitcoin May Fall to $56K Amid Lack of Clear Upside Drivers, Smart Investors Buy into DeepSnitch AI’s 100X Projection

Per the latest Bitcoin price news today, Galaxy’s Alex Thorn has warned that Bitcoin could fall toward $56,000. The exec cited the lack of clear catalysts to sustain a rebound as the reason for such a massive drop. 

On the other hand, DeepSnitch AI (DSNT) might be the only cryptocurrency with a clear path to gains right now. The cryptocurrency has gone against the market. It has raised over $1.47M and maintained a steady uptick in the past month. 

Early holders who caught the fever are at 153% profits at the current price of $0.03830. Still, late buyers can get in now and be part of those who could 100X their portfolio. The booming AI market, high demand for AI tools, and low market cap are factors that could spark an uptrend for DeepSnitch AI.

Bitcoin risks deeper pullback to $56K, galaxy exec says 

According to Galaxy Digital research lead Alex Thorn, Bitcoin may experience more declines. Alex noted that there are no clear triggers that could sustain a lasting rally.

He noted that the Bitcoin price may first fall to $70,000 before dropping to $56,000. Alex cautioned that weak stories are straining sentiment, and Bitcoin is not moving in the same direction as gold or silver.

The executive added that a powerful force or news is needed to start a lasting rebound. Meanwhile, Bitcoin price news today shows the flagship cryptocurrency is still trading below $80K.

Bitcoin price news today, and the two top trending coins 

1. DeepSnitch AI (DSNT): The #1 moonshot coin to invest in today?

DeepSnitch AI is a project aiming to use AI to analyze cryptocurrency markets. The platform seeks to bridge the information gap between retail traders and large institutions. 

DeepSnitch AI has a suite of AI agents that monitor blockchain transactions and social media in real time to provide insights and risk alerts. These insights aim to give traders like you the right information you need to make the right decision.

Although this is the information age, only those with the right information will stay ahead. DeepSnitch AI agents include SnitchGPT, SnitchScan, SnitchFeed, AuditSnitch, and SnitchCast.

SnitchFeed can help in tracking market activity, while SnitchScan can run contract analysis to ensure safety. Interestingly, Solidproof and Coinsult have audited DeepSnitch AI’s smart contracts to ensure they are safe.

So, you have nothing to worry about in terms of safety. For investors seeking the next 100X crypto, DeepSnitch AI is worth considering. 

You can buy DSNT at $0.03830. Use the DSNTVIP30 bonus code and see your $2,000 capital turn into $67,885 if the price increases to $1.

2. Bitcoin price news today 

The Bitcoin price has been trading below $79K since the beginning of February due to macro-driven price action. According to the recent BTC volatility analysis, the recent US Fed Chair change, liquidations, and institutional sell-off have affected buying momentum.

As of February 3, the Bitcoin price was trading at $78,213 with a loss of 11.0% on the weekly chart. Bitcoin price news today notes that analysts are still optimistic about a rebound. 

Crypto GVR forecasts that the Bitcoin price may rebound to $126k if the support around $75K-$78K holds.

3. MemeCore falls into the extreme fear region 

The MemeCore coin has started an uptrend after bouncing off the $1.21 support level. The cryptocurrency had been consolidating around $1.50-$1.70 in January before a sharp decline occurred on January 30 due to the selling pressure in the broader market.

As of February 3, the MemeCore price was $1.52. The Fear and Greed Index has dropped to Extreme Fear, which signals low interest from investors. 

However, high buying pressure could return in the coming weeks. The price of MemeCore could jump to $4.03 by November if buyers surpass key resistance levels.

Final verdict

While Bitcoin price news today hints at more downside, smart investors are going for coins like DeepSnitch AI, which has shown resilience. With over $1.47M raised, DeepSnitch AI might be the only 100X opportunity in the market right now.

It comes at a time when the AI sector is experiencing tremendous growth and could be your only key to benefiting from such growth. You might want to join the ongoing presale, use the 30% or 150% limited-time bonus codes, and see your portfolio grow when DeepSnitch AI goes vertical.

Visit the official website for more information, and join X and Telegram for community updates.

FAQs

1. How is Bitcoin doing today?

Macro-driven price action has pushed the BTC price below $80K. DeepSnitch AI, on the other hand, is up 153% and could be a good crypto to buy for those who want to recover their losses.

2. Is Bitcoin predicted to go up or down?

Bitcoin market updates show that predictions are mixed. The latest Bitcoin price news today reveals that Bitcoin could drop to $56K. Other industry experts believe a rebound is on the way. Meanwhile, DeepSnitch AI is expected to soar by 100X this quarter as exchange listing rumors spread.

3. Should I keep my Bitcoin or sell?

BTC volatility analysis shows that buying pressure is low. So, you might choose to hold or join other experienced investors who are diversifying into coins like DeepSnitch AI, which have high upside potential.