Peter Brandt's technical analysis has always carried weight, but this time the upper and lower target prices differ by nearly $20,000, making range trading more stable than betting on a direction.

BlockBeats reports that renowned trader Peter Brandt has pointed out that Bitcoin is forming an expanding triangle, which is generally more reliable. According to measurement rules, the breakout point is approximately $74,000, and the target projected downward from the triangle's height is about $56,000.