Bitcoin Forms Expanding Triangle Pattern Targeting $56,000, Says Trader Peter Brandt

BTC-4.12%
According to Peter Brandt's analysis shared yesterday (June 2), Bitcoin has formed an expanding triangle pattern with a projected target of approximately $56,000. The technical analyst noted that based on the expanding triangle measurement rule, the target equals the pattern height projected downward from the breakout point. The breakout point is near $74,395, and the pattern width projects to around $56,000.
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