Veteran trader Peter Brandt has shared his “sacred trading rule” in response to a “buy the dip” suggestion as the price of bitcoin falls. cryptocurrency crypto
Veteran Trader Peter Brandt Shares 'Sacred Trading Rule' as Bitcoin Falls, Warns Against Buying the Dip
Replying to a comment on Twitter stating that there may be additional opportunities for long-term hodlers to buy even cheaper bitcoin in the coming months, Brandt wrote:He explained in a tweet that people were saying the same thing about silver futures in 1980 after it topped $50. “lt then sank to a low of $3.65 and did not start back up for 24 years,” he stressed. The trader clarified, however, that he is not predicting that bitcoin will follow the same path.
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