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Seeing Peter Brandt's technical chart when Bitcoin just touched $78,000 this week, this renowned analyst shared an upward arrow pointing towards the sky with a "big banana" chart pattern appearing on the long-term chart (from 2014 to 2027)
What’s interesting is that a similar pattern has appeared again on the daily chart near the $69,000 mark. The clear upward arrow indicates continued movement toward higher levels. It seems that the price structure is bullish in the short term. Bitcoin still shows strength to continue its upward trend.