The cryptocurrency market has dipped 3.6% as Bitcoin price falls below $70k again. With other major altcoins and meme coins offering what could be another dip buying opportunity ahead of Bitcoin’s halving, investors keen on what lies ahead are positioning with Bitbot.
Analyst on Bitcoin’s pre-halving price
On Monday, Bitcoin price spiked to above $72,000. The move ignited fresh bullish calls for the bellwether cryptocurrency and altcoins. The Fear & Greed Index jumped to 80 to suggest extreme greed in the market, and analysts reiterated BTC bullish predictions ahead of Bitcoin’s halving that’s down to just days.
According to crypto analyst Rekt Capital, BTC is potentially seeing a final pre-halving retrace. Typically, this has occurred “28 to 14 days before the Halving event itself,” the analyst shared on April 8 via his X account.
With Bitcoin having pulled back about 18% in recent weeks, its likely BTC has entered the re-accumulation range. Sideways action from here could extend beyond the halving event. However, the shakeout that follows could end with a parabolic uptrend for the world’s largest cryptocurrency.
Investors keen to position early have looked at sectors such as real-world assets (RWAs), decentralised finance (DeFi), artificial intelligence (AI) and decentralised physical infrastructure networks (DePIN) tokens.
What does this mean for investors? Potentially, this is yet another chance to scoop tokens. One of those attracting huge attention is Bitbot. What is it and why is it creating a wave in the market?
Also getting attention are meme coins, with Solana and Base among those to see an explosion in meme coin activity.
Bitbot takes the lead among trading bot tokens
Crypto traders continue to embrace trading bots as they eye the many opportunities available in the market. While a number of projects have launched trading bots on popular instant messaging platform Telegram, not many have elicited the kind of bullish projections like Bitbot (BITBOT).
Bitbot is the first-ever Telegram bot to offer a non-custodial trading solution. While it seeks to offer institutional-grade trading tools and leveraged AI, this app’s focus on user security sees it tower above current Telegram-based trading bots.
The app makes trading simple for users, with tools such as automated trading, snipe trades and copy trading available. However, its Bitbot’s innovative partnership with Knightsafe that has the market excited.
Unlike other bots, Bitbot users have full control of their assets. This is because self-custody technology built into its architecture allows traders to retain control of their private keys rather than trust a custodial bot.
Is Bitbot worth buying now?
Bitbot will launch its bot in this quarter. Ahead of that, the presale for the native utility token BITBOT is ongoing.
Buyers will have both access to the bot’s advanced trading tools as well as tap into a revenue sharing system for passive income. Currently, Bitbot is in stage 9 and is priced at $0.0148. In the next few weeks, the price will rise to $0.020 in stage 15, the final phase before tokens list on exchanges.
The launch of the bot, listing on exchanges and a broader market rally could combine to catalyze BITBOT price as BTC rallies to a new all-time high.
To learn more about Bitbot, visit the official website.
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