• BTC Worth Plummets After Reaching New ATH Above $73,000
• Analysts say Bitcoin stays bullish. A bounce might assist Bitbot's value.
• Bitbot is at the moment on pre-sale and is making waves because the world's first non-custodial Telegram buying and selling bot.

Bitcoin (BTC) costs have fallen considerably this week, taking the worth of the flagship cryptocurrency beneath $67,000.

However, bullish sentiment on BTC value nonetheless stays. May a possible rebound assist BITBOT, a brand new venture within the buying and selling area that’s extremely anticipated for launch?

Bitbot: Telegram bot pioneering non-custodial cryptocurrency buying and selling

The crypto buying and selling bot market on Telegram is rising because the buying and selling neighborhood appears to be like to make the most of cutting-edge AI-enabled options and instruments.

Regardless of its latest selloff, which has lowered its market capitalization to round $1.3 billion, analysts say Telegram bots might see exponential progress because the crypto bull cycle intensifies. . PAAL AI, Unibot, Banana Gun is without doubt one of the hottest buying and selling bots available on the market at the moment.

However Bitbot, the world's first unsupervised Telegram buying and selling bot, is aiming for an edge. It not solely packs all of the buying and selling instruments for institutional merchants, but additionally offers these to particular person merchants via a platform that prioritizes the safety of customers' belongings.

Incidents affecting Unibot and Banana Gun customers in 2023 helped draw consideration to Bitbot's non-custodial safety options.

The venture partnered with KnightSafe, a high digital asset self-custody supplier, to pioneer MPC custody for Telegram bot customers. This skill to commerce utilizing high instruments whereas having full management over the personal keys of your belongings is now accessible via Bitbot.

BTC value has fallen sharply, however are the bulls able to retest $70,000?

Bitcoin soared to an all-time excessive of almost $74,000 earlier this week, outperforming world belongings in latest months. In accordance with knowledge from CoinGecko, Bitcoin hit an all-time excessive of $73,737.94 on March 14, 2024.

Nevertheless, as BTC value fell to a low of $64,866 on March 17, the cryptocurrency's value fell 10% from its new ATH.

Bulls are at the moment concentrating on a psychological pullback to the $70,000 space. Nevertheless, because the bears' risk continues, consumers might have to show the $66,000 to $65,000 zone into a significant help space to forestall a bearish reversal to the $60,000 degree. .

Nevertheless, if the worth rises farther from present ranges, a retest of the $70,000 degree might sign a brand new rally. This outlook is at the moment supported by the Worry & Greed Index. Stays elevated at 79.

Aggressive accumulation within the BTC market is prone to intensify within the coming weeks as Bitcoin halving approaches. The US spot BTC ETF market can also be prone to proceed to warmth up, particularly as extra asset funding suppliers and advisors add Bitcoin ETFs to their choices to their purchasers.

Due to this fact, present market situations could characterize a positioning alternative. Many traders are conscious of this motion and are specializing in top-tier gems which are prone to outperform their friends in 2024 and past.

Bitbot value prediction

As Bitbot prepares to make its groundbreaking bot publicly accessible, crypto merchants seeking to capitalize on the potential of the BITBOT token are actively allocating funds to its presale. Entry to all bot options and distinctive income sharing mechanism make it stand out for customers.

Given its deal with safety and predictions for the crypto buying and selling market, analysts say Bitbot might grow to be a 100x token by 2024.

The bull market, with Bitcoin possible reversing to new highs this yr, additionally provides to the optimistic outlook for BITBOT. The upcoming launch of tokens on exchanges can also be an essential issue. This latter facet will observe the conclusion of BITBOT's presale.

At present, Bitbot has raised over $1 million in pre-sale stage 5 and the BITBOT token value is $0.0122.

By the top of stage 15, the ultimate spherical of the ICO, the token value will increase to $0.02. Costs can simply rise as a result of demand after a pre-sale.

For extra details about Bitbot, please go to the official web site.