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Peter Brandt on Bitcoin: 'I know for a fact strong hands are buying'

07 Dec, 2018
by Jelmer van der Dussen
Bitcoin
Peter Brandt on Bitcoin: 'I know for a fact strong hands are buying'

For some, the latest Bitcoin dip is a reason to sell. For others, it's an opportunity to buy. Renowned trader Peter Brandt says on Twitter that 'strong hands are buying into the weakness in BTC'. 


With Bitcoin trading below $3500, Brandt started a thread on Twitter sharing the 'new bear market low closes' of top coins. Despite that downwards trend, big players are building their Bitcoin stash, Brandt claims. 'I know for a fact strong hands are buying into the weakness in BTC on scale down, even though I know they are hedged with CME futures for now.'

Read more: Why is Bitcoin dropping? 'It didn't fall because of the ETF delay'


Brandt was one of the first to call the end of the bull run on December 21 last year, two days after Bitcoin reached it all time high of close to $20K. In the thread on Bitcoin today, Brandt refers to his post almost one year ago, in which he stated that 'the bubble has been popped'.

Read more: Crypto Twitter on latest Bitcoin crash: 'Save to say HODL is not a great strategy'

Brandt also replied to a comment on the gains of Bitcoin SV, the Bitcoin Cash fork that overtook BCH during the latest crash after it surged 17% in a bloody market. 


What a bear market it has been...

Read more: 9 Bitcoin price predictions for 2019 by crypto experts

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