Peter Brandt Highlights 'Megaphone' Pattern Indicating Bitcoin Surge

2026-03-16 10:46

Renowned trader Peter Brandt has identified a 'megaphone' pattern on Bitcoin's daily chart, suggesting a potential short-term price surge. This pattern, described in Richard Schabacker's 1934 technical analysis book, is characterized by an H-shaped expansion that often signals a price reversal or breakout. Brandt's analysis indicates that after a decline in February, Bitcoin's price has formed a converging pattern, resembling a trumpet mouth, which could lead to a rapid rise followed by a brief pause. Brandt had previously noted a bullish pattern for Bitcoin on March 10.

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