Bitcoin (BTC) investors who are waiting for a price dip to even $6,000 have "missed" their opportunity already, veteran trader Peter Brandt says.

In a marketplace discussion with Cointelegraph on Jan. 17, the twoscore-year market stalwart said that reverse to what some believe, BTC/USD has already striking its floor.

Brandt: "The weak easily are out"

"They all now desire to sit and buy a intermission dorsum to $half dozen,000 or $five,000 and they've missed the lesser — and during that lesser, I think yous had a lot of people accumulate with stiff hands," he summarized.

Brandt continued:

"The weak hands are out; the strong hands ain information technology."

As a long-time Bitcoin advocate, Brandt was continuing a bullish streak he began on social media earlier this calendar month.

Every bit Cointelegraph reported, his personal sentiment has undergone a change since belatedly 2022 — as recently every bit Dec, he had warned at that place remained a chance for Bitcoin to put in lower lows in 2022 thanks to novice investors he described as "cryptocultists."

In early 2022, one month later Bitcoin reached its all-fourth dimension highs of $20,000, Brandt warned markets would not exist going whatsoever higher, and that an 80% retracement was probable. BTC/USD hit local lows of $3,100 — 84.5% lower — a year after.

Now, yet, the danger has subsided, Brandt suggested, in comments echoed in the discussion by fellow trader Alessio Rastani.

"Everyone" should have 10-20% BTC portfolio

"I call back anybody who is interested in what Bitcoin has to offer has to have at least 10-20% of an buying position relative to the capital that they could commit to Bitcoin in a bigger perspective," he advised.

Bitcoin has sealed monthly gains of around 35%, with 2022 progress alone at 25%. Markets reached local highs of $nine,000 on Friday, before encountering resistance, which coincides with the 200-day moving average cost, something which has historically stifled bullish progress.

The latest statistics meanwhile advise that interest in Bitcoin extends across lay consumers — volume surges on futures markets signal institutional commitment as well, commentators take said.

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