According to U.Today, prominent commodity trader Peter Brandt has suggested that Bitcoin's post-halving rally may have already commenced. In a social media post on the X network, Brandt noted that the five-month inverted expanded triangle pattern has been completed. He stated that the series of lower highs and lower lows since March has ended. Brandt emphasized the importance of follow-through for the leading cryptocurrency.
Earlier today, Bitcoin reached an intraday peak of $71,540, according to CoinGecko data. After some fluctuations, it is currently trading at $71,147. In June, Brandt predicted that Bitcoin could reach a new record high around September 2025, potentially surging to $150,000 based on previous bull market cycles. However, he cautioned that there is no fool-proof method of analysis and stressed the importance of risk management in trading.
Earlier this month, Brandt predicted that Bitcoin was on the verge of the
