Renowned trader Peter Brandt has identified a bearish signal for Bitcoin, highlighting an ascending wedge pattern in its price chart. This pattern, often indicative of a potential downside breakout, comes as Bitcoin's price has rebounded from a January low of approximately $60,000 to around $71,000 in March. Currently, Bitcoin is trading within the $65,000–$70,000 range, with the wedge's boundaries converging. Brandt, known for accurately predicting Bitcoin's 2018 crash, also successfully forecasted Bitcoin's short-term rally earlier this month using technical analysis. His latest chart analysis suggests caution for traders as the market may face a potential downturn.