Peter Brandt Spots Recurring Bitcoin Channel Pattern as Price Pulls Back From $73,698 High

Bitcoin climbed from the March 9 low of $65,820 to a peak of $73,698 before slipping back toward $70,740, with price action remaining volatile in a broad range between $60,000 and $75,000. Veteran trader Peter Brandt has flagged a recurring channel formation on the BTC chart, recalling a previous pattern that preceded a drop to $60,000 and hinting that a fresh move in either direction could be developing. Brandt has also linked this structure to his earlier "Banana" channel concept, which referenced a long-term upside projection of $250,000 to $500,000 for Bitcoin.