Peter Brandt flags familiar BTC pattern, warns of potential volatility

Veteran trader Peter Brandt has analyzed that a channel pattern similar to one seen in the past is re-forming on the Bitcoin chart. Sharing a relevant chart, he noted that a familiar pattern is taking shape once again. According to Brandt, the same channel pattern previously formed before BTC's price fell to around $60,000. The emergence of a similar structure now raises the possibility of significant volatility, either to the upside or downside.