Bitcoin Price Hits Bottom Says Peter Brandt
All the BTC investors who were waiting for the price dip to even $6000 have missed their opportunity says a veteran trader Peter Brandt.
As per a recent discussion on the 17th of Jan Stalwart said that the pairs like BTC/USD have already hit their bars.
Brandt gave the conclusion that all the weak hands are out of the market now only the stronger hands are surviving in the market. With this, he continued that all now wanted a sit back and have a break at $6,000 and $5,000 but now they have missed the bottom.
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Being a long-time Bitcoin advocate, he shared his sentiments of him being changed in late 2019 that there remains a chance of Bitcoin to go in the lower lowes in 2020 and for this, he thanked a novice investors to whom he described as “cryptocultists”
Back in early 2018, just a month after Bitcoin reached an all-time high $20,000, Brandt already warned that the market won’t be going any higher and it would likely to retract and hit local lows as $3,100 which was 84.5% lower that year.
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Brandt also has some suggestions for those who are interested in what Bitcoin offers, he advised them to have at least 10-20% of the ownership of the capital that they could commit to the Currency on a bigger perspective.
As of now, Bitcoin has already sealed monthly gains of around 35% having progress of 25% alone in 2020. While the latest statistics and data suggest that the Bitcoin extends a lot more beyond the customer’s need.
