Bitcoin rose around 5% to trade at $72,500 as the rally lifted most major altcoins and revived bullish sentiment across the broader crypto market. Trader and market expert Peter Brandt said the completion of an inverted head-and-shoulders pattern (a chart formation that can signal a potential reversal higher) changed Bitcoin’s previously bearish technical setup. Bitcoin had struggled near $60,000 before forming a series of lows, approaching the $64,800 neckline and breaking higher. Brandt entered the breakout trade while acknowledging that the pattern could still fail. Analyst Aksel Kibar had identified $60,000 as support and said buyers needed a confirmed reversal pattern before going long; his chart highlighted $67,200 as resistance and a potential target of $76,000. A failed breakout could instead point toward $53,000, renewing speculation about a move to $50,000. Prediction markets have turned bullish, with many participants anticipating Bitcoin will reach $80,000 by the end of 2026. Investors remain exposed to high volatility, while geopolitical tensions between the US and Iran could continue affecting market sentiment.