Trader and analyst Peter Brandt has predicted a potential rise for Bitcoin based on his chart showing an inverted expanding triangle.

Peter Brandt's Prediction

Peter Brandt believes that Bitcoin could reach $150,000 by next September. He bases his prediction on a chart where two downward trendlines have connected the lower highs and lows. According to Brandt, the ongoing consolidation phase might be followed by a sharp upward move if the upper trendline is breached.

Market Analysis

The current price of Bitcoin is $67,520, down by 0.1% over the past 24 hours. Some commentators highlight the thin trading volume as a barrier to a substantial upward move. At the same time, low public interest might also impact market sentiment.

Public Perception and Interest

There is visible frustration with Bitcoin's ongoing range-bound trading among investors. Meanwhile, attention to IBIT, which reported significant Bitcoin ETF inflows, maintains certain optimism among market participants.

Despite current market fatigue and low public interest, Peter Brandt's predictions open up possibilities for Bitcoin's future rise, sparking discussions among experts and investors.