Crypto
Brandt Remains Long on Bitcoin Amid Resistance Zone
Veteran trader Peter Brandt has disclosed that he remains long on Bitcoin despite its recent failure to break decisively above the $82,000 resistance zone.
The cryptocurrency retreated after briefly approaching this level as traders assess whether its recovery can extend further. Brandt said he was 'also long Bitcoin' in a recent social media post.
He has an unusually large position in grain markets and currently holds long positions in KC Wheat, soybeans, corn, meal, New York sugar, and the peso, alongside a short position in lean hogs.