Bitcoin has continued to face more downside risk as the price failed to reclaim $70k in the latest recovery attempt. As a result, Bitcoin dropped to $65,000 following the rejection at around $69,300, according to the Bitcoin price news today. Technical data also points to a potential drop towards $60k as confidence fades.
Meanwhile, degens have found solace in DeepSnitch AI (DSNT) as the crypto market slumps yet again. This AI crypto focuses on offering real-world value, unlike some new cryptos, hence the growing traction.
DeepSnitch AI makes sure retail investors have access to real-time market intelligence, helping them place timely and decisive bets. The AI-powered project has now raised $1.767 million, priced at $0.04228 in stage 6.
Bitcoin’s bear market is not over yet, as the price fizzles below $66k
The king crypto dropped by 3.3% on Friday to trade at $65,811, according to data from Coingecko. Bitcoin’s drop came as the price faced rejection around $69,300 late on Thursday. This rejection level aligns with the 200-week exponential moving average (EMA), as per the Bitcoin volatility update.
In a recent analysis , market analyst Rekt Capital believes that the rejection at this level could trigger further downside movement. Bitcoin now has support around $62,900. A breach of this support could fuel a drop into the mid $50,000s, as BTC sentiment analysis suggests a drop across institutional flows.
Rekt Capital later added that it is still very early to call the Bitcoin price bottom. The analyst argued that we are only 140 days into its current bear market, yet the shortest bear market is said to last 366 days.
Bitcoin price news as investors ask questions about these 3 coins
1. DeepSnitch AI (DSNT) enters stage 6 as investors chase 100x gains
Crypto markets do not move like traditional assets. Bitcoin price news can spark a rally out of nowhere and wipe out all the gains in the next session, just as fast. When BTC behaves like this, the manual market analysis often fails.
That’s where DeepSnitch AI comes in handy. This platform is comprised of specialized AI agents that watch the market 24/7, flagging every whale wallet movement, FUD changes, sentiment shifts, and market risks. With access to on-chain activity and off-chain signals in real time, retail investors get to enjoy profitable trading.
The platform is already live and fully operational. You don’t have to wait months to test it. DeepSnitch AI is ready to use, even for first-time crypto users. That speed of execution has helped build strong momentum in its presale.
Across six stages, more than $1.767 million has been raised, and the current entry price of DeepSnitch AI is just $0.04228. On top of that, early investors enjoy tiered bonuses that increase the potential upside.
If you buy DSNT tokens worth $2,000 now, you get a 30% bonus. Holding these tokens till the end of 2026 could result in 100x gains as speculations surge, while the Bitcoin volatility update shows BTC could drop further.
2. Pepe forms a bearish crossover as the price drops 6%
Pepe (PEPE) dropped by 6.0% on Friday, as the crypto traded at $0.00000371. The latest drop pushes the weekly and monthly drops to 11.6% and 25.9%, respectively. This plunge indicates a grim picture across this meme coin.
A look at the daily chart on TradingView also points to more downside movement as BTC sentiment analysis shows bearish pressure across the general crypto market. In that sense, PEPE has formed a bearish crossover as the MACD line crosses below the Signal line. The RSI at 3 also shows that the bearish trend could continue further.
3. Shiba Inu’s burn rate drops as the bearish trend persists
Similar to Pepe, the Shiba Inu (SHIB) meme coin is also facing downside risk. Over the past 24 hours, this crypto has dipped by 3.9%, adding to more losses. This crypto was priced at $0.00000582 on Friday, following the dip.
According to data from Shibburn, SHIB’s burn rate dropped by 98% over the past 24 hours as SHIB investors only reduced 305,792 from the circulating supply. Token burns across SHIB reduces circulating supply, setting the stage for an upswing. However, with burn activity dropping, Shiba Inu may continue to drop until a bullish catalyst emerges.
Conclusion
The latest Bitcoin price news paints a bearish outlook for Bitcoin. As a result, Rekt Capital expects the bearish trend to last. But degens do not want to wait until the next bull run. Instead, they are shifting into DeepSnitch AI for its high upside potential.
With over 39 million DSNT tokens already staked, the stage is set for a 100x surge. Additionally, DeepSnitch AI revealed a classy interface, which confirms that investors are not buying into a facade.
Visit the official website for more information, and join X and Telegram for community updates.
FAQs
1. Why is the price of Bitcoin dropping?
According to the Bitcoin volatility update, the market is dropping due to a technical rejection around $69,500, as the BTC sentiment analysis shows that investors are still fearful. However, degens have already found a perfect investment opportunity in DeepSnitch AI.
2. What happened to the BTC price today?
The Bitcoin price news today shows that BTC dropped by over 3% as the price slid below $66k yet again. DeepSnitch AI has also continued to steal the spotlight as the presale enters stage 6 and 100x surge speculations swirl.
3. What is replacing Bitcoin?
As volatility surges and institutional flows flee Bitcoin, smart money is opting into DeepSnitch AI. This crypto boasts clear utility, unlike any other new crypto. Buying into DeepSnitch AI now gives you a chance to capitalize on the 30% bonus.
This article is not intended as financial advice. Educational purposes only.
