Peter Brandt: BTC will bottom out and rebound between August and October, then soar all the way up

Renowned trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a chart analysis this morning indicating that the ETH price chart has formed a symmetrical triangle pattern. Meanwhile, the total market capitalization of cryptocurrencies shows a right-angle expansion pattern. Bulls need to prove a breakout to dominate the market, while historically, such patterns often signal further volatility or decline, emphasizing the advantage of bears.

Peter Brandt also predicts, "Bitcoin will bottom out and rebound between August and October, then soar all the way. At least that's how it looks now."