[Peter Brandt Once Again Hints at a Short-Term Rapid Bitcoin Surge with a 'Broadening Formation'] BlockBeats News, March 16 – Renowned trader and chart analyst Peter Brandt, who successfully predicted Bitcoin's crash in 2018, released a chart this morning highlighting a 'broadening formation' on the BTC daily chart. This pattern originates from Richard Schabacker's technical analysis books published in 1932/34. The 'broadening formation' comes from Richard Schabacker's 1934 book *Technical Analysis and Stock Market Profits*. It is an H-shaped expanding pattern that often signals price reversals or breakouts. According to Peter Brandt's chart, after Bitcoin's decline in February, the price has formed a converging pattern (similar to a curved broadening mouth gradually narrowing and accelerating upward), suggesting that the price may rapidly surge to a peak, followed by a brief stagnation.