Peter Brandt: Bitcoin is currently in an expanding triangle formation, with a potential bottom around $56,000. On June 3rd, the renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, stated that Bitcoin is forming an expanding triangle pattern, which is quite common and typically reliable in Bitcoin's history. The target price is projected based on the height of the formation from the breakout point. According to the measurement rules for the expanding triangle: Target = height of the formation projected downwards from the breakout point. The attached chart shows a widening triangle (with the upper and lower trends gradually diverging). The breakout point is roughly around $74,000 (marked in the chart as 74,395), and after projecting the height of the formation (from the highest to the lowest point of the triangle), the arrow points towards the $56,000 region.