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’.
I hate being the bearer of such good news:$BTC – new bear market low close$ETH – new bear market low close$LTC – new bear market low close$BCH – new ATL$EOS – new bear market low close$XLM – new bear market low close
— Peter Brandt (@PeterLBrandt) December 6, 2018
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.’
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