Bitcoin sees the $70k level again as Bitbot presale surpasses $900k.
Key receivers
BTC reached a new all-time high of $70k on Friday and could retarget that level after a retracement.
As Phase Five nears completion, Bitbot pre-sales have officially passed the $900K mark.
Bitcoin may soon pass the $70k mark.
Bitcoin, the world's leading cryptocurrency by market capitalization, is having an interesting month so far. On Friday, BTC reached a new all-time high of $70k before returning to the $67k range.
At press time, the price of Bitcoin stands at $68,730, down less than 1% in the last 24 hours. If the recovery continues, BTC may target the $70k region in the next few hours or days.
What is Bitbot?
With Bitcoin, Ether and other major cryptocurrencies on the rise, trading in the market continues to increase. This means that traders have become more active in the cryptocurrency market.
It is crucial for traders to use tools to improve their business operations. Bitbot is one of the projects developing tools to help traders in the cryptocurrency market.
Bitbot is a Web3 project dedicated to bringing unique value propositions to traders in the crypto space. It is the Telegram trading bot that puts the power in the hands of the user.
According to the white paper, Bitbot is a self-sustaining trading bot that allows users to trade through their Telegram cold wallets. The product offers a new way of marketing and is taking the place of Telegram as the leading social media platform for crypto users.
Bitbot comes with high-end features to help traders grow their trading portfolios. Some of the tool's features are institutional-grade, allowing them to access world-class business functions.
With the right level of adoption, Bitbot can become one of the most used tools by cryptocurrency traders.
Bitbot to increase marketing knowledge through technology
Bitbot plans to bring technological innovations that benefit traders. The project provides a self-protection solution using Knightsafe. This solution helps to reduce the common risks associated with Telegram marketing.
In addition, some of the proceeds from the pre-sale will go towards developing anti-MAV and anti-prevention solutions to help users protect their assets. With these features, traders can protect themselves from bots that artificially inflate trading costs and block fraudulent projects.
Bitbot has an extremely flexible wallet management powered by secure API technology. As far as profitability is concerned, Bitbot offers users a copy trading feature. This feature allows traders to record trades of the strongest performing wallets based on chain activity.
Bitbot's pre-sale has exceeded 900 thousand dollars
The Bitbot pre-sale is now in its fifth phase and is now moving rapidly. So far, the project has raised $943,475 of the $1,106,000 needed at this stage.
This latest milestone indicates that Bitbot is attracting the attention of investors in the cryptocurrency space. The $BITBOT token is currently trading at $0.0122 in the presale round and will increase to $0.0128 after the sixth round begins.
Tokenomics of the project shows that the Bitbot development team will hold 20% of the total token supply and will use it to fund further development. Additionally, 14% is allocated to market and CX listings and 3% is allocated to liquid supply exchanges.
Click here to read more about Bitbot's upcoming presale.
Can Bitbot gain mass adoption?
The cryptocurrency market is currently in a high cycle and currently has more than $2.5 trillion in circulation. This means that as more traders enter the market, the volume of trade in the market has increased.
With this fact, tools like Bitbot will gain a lot of acceptance in the market thanks to the increasing trade. With the right level of adoption, BITBOT can be one of the biggest winners in the market. As the volume of trading in the market increases, BITBOT can see an increase in adoption if it releases its features and solutions.
