Trader Peter Brandt Projects Bitcoin Bottom Between August and October, Eyes ETH Symmetric Triangle

Trader and chart analyst Peter Brandt, known for calling Bitcoin's 2018 crash, shared a chart update on Jan. 30 indicating ETH has formed a symmetric triangle pattern while total crypto market cap shows a right-angle broadening formation, BlockBeats reports. He noted bulls must push a breakout to regain control, adding similar historical patterns have often preceded volatility or declines and currently favor bears. Brandt said Bitcoin is likely to bottom between August and October before staging a strong rally.