- Bitbot buying opportunity as Arthur Hayes shares BTC prediction.
- According to the former BitMEX CEO, there’s potential for a 30% correction (since ETF approvals) that takes BTC below $35k.
- Meanwhile, Bitbot's presale has surpassed the $325k milestone.
Arthur Hayes, the former CEO of crypto exchange BitMEX is bullish on Bitcoin (BTC) long term. However, he has shared a short term bearish outlook that he says could see BTC price dip to lows of $35k, a scenario that would present a big buying opportunity. Could this also be the time to buy Bitbot (BITBOT)?
Arthur Hayes says Bitcoin could dump to $35k
Bitcoin price dipped to lows of $38,520 on Tuesday, hitting the 2024 lows amid unprecedented sell-off pressure for the broader crypto market. While BTC has recovered to trade near the $40k area, Arthur Hayes sees a further dump for Bitcoin (BTC), predicting that the flagship cryptocurrency’s price could dip to lows of $35,000 this quarter.
According to commentary on the broader market he published in his “Yellen or Talkin’?” blog on January 24, the former CEO of BitMEX puts his bleak short-term outlook down to the global macro and geopolitical environment.
He says the turmoil in the Middle East and the US’ monetary policies could have implications for inflation, likely putting risk assets on the wrong track. In his prediction of what could be next for BTC price, Hayes opines:
“I believe Bitcoin forms support between $30,000 to $35,000. That is why I purchased 29 March 2024 $35,000 strike puts,” he noted.
But he says the dip would present an opportunity to buy low. Hayes, who says he dumped Solana (SOL) and Bonk (BONK) “at a slight loss”, will look to load up on SOL again. Could Bitbot (BITBOT) be a better buy today?
What is Bitbot?
With Telegram trading bots becoming a big part of the crypto trading space, Bitbot’s entry brings a game-changing feature that means it could be the outright market leader when it launches.
Like other Telegram based trading bots, Bitbot allows users to trade directly from their Telegram app. It also allows for automation and access to institutional-level trading tools, giving retailers the opportunity to tap into the same advantages as institutional investors.
However, unlike any of the current Telegram trading apps, Bitbot is a non-custodial trading bot. This simply means traders have full control of their crypto at all times, making Bitbot the first bot to bring this to the market.
The quest to democratize the financial markets comes with a focus on security, an aspect that sets this new Telegram trading app apart from the rest.
Bitbot races past $300k milestone in presale
As the project inches closer to its market launch, it has opened up the native BITBOT to presale participants. Going live just last week, the Bitbot presale has raised over $325k from global investors.
The Bitbot tokenomics, as highlighted in its whitepaper, outlines a presale offer of 30% of total BITBOT supply. These will be available in 15 stages, which the roadmap anticipates will come to a close by the end of Q1.
Listing on exchanges should be in early Q2, although the pace at which the market is grabbing BITBOT tokens suggests the final stage could come earlier than anticipated. Currently, BITBOT is available at $0.0105.
Learn more or find out how to buy on the official website.
