**[Peter Brandt: Bitcoin Currently in Expanding Triangle Pattern, Bottom Expected Around $56,000]** BlockBeats News, June 3 – Renowned trader and chart analyst Peter Brandt, who successfully predicted Bitcoin's crash in 2018, stated in a post yesterday that Bitcoin is currently forming an expanding triangle pattern. This pattern is relatively common and typically reliable in Bitcoin's history, with the target being the projection of the pattern's height from the breakout point. According to the measurement rules of the expanding triangle: **Target = Project the pattern's height downward from the breakout point.** The accompanying chart shows a widening triangle (with the upper and lower boundaries gradually diverging). The breakout point is approximately near $74,000 (marked as $74,395 in the chart), and after projecting the pattern's height (from the highest to the lowest point at the widest part of the triangle), the arrow points to the $56,000 region. [Original Link]