Bitcoin could be gearing up for a huge breakout that might catalyze a move to new all-time highs based on favorable chart technicals.Analyst Peter Brandt suggests that Bitcoin is well-positioned to enter a bull run cycle for the remainder of 2024 and beyond.If BTC successfully breaks past the upper trendline of a seven-month inverted expanding triangle, a strong upswing could ensue.Despite a recent drop, market participants remain confident about BTC's renewed strength with the upcoming change in administration and policies.