A trading bot is a software program that communicates directly with financial exchanges and often uses  to obtain and interpret relevant information and rely on the interpretation of market information. Typically, a trading bot analyzes market activities such as volume, order, price and time but these can usually be programmed to your own liking and preferences. Also the best functionality of trading bots is to trade Bitcoin passively and so for market analysis Bitcoin bots allow users to set up more efficient trades without always keeping them at the top of the market.