🍌 The “Banana Support” Is Back? Peter Brandt Eyes $250K
#Bitcoin by 2029
On February 22, legendary trader Peter Brandt — widely respected for calling the 2018 crypto crash — responded to a bullish post from NBA Hall of Famer Scottie Pippen on X.
Brandt pointed investors toward what he calls the “banana support” zone around $42,000 for Bitcoin.
🍌 What Is the “Banana” Model?
The “banana” refers to the lower boundary of Brandt’s long-term logarithmic channel — a curved structure resembling a banana shape on the chart.
Historically, this lower boundary has acted as:
📉 A major bear market bottom
🔄 A long-term accumulation zone
🚀 A launchpad for new bull cycles
According to Brandt, this structure has consistently framed Bitcoin’s macro price action across multiple cycles.
🎯 The Big Prediction: $250,000 by 2029
Based on this channel model, Brandt projects that Bitcoin could surpass $250,000 before the end of 2029.
While short-term volatility remains part of the game, his outlook suggests:
The macro uptrend structure remains intact
Corrections are opportunities within a larger bullish cycle
The next parabolic phase could be stronger than previous runs
🧠 Market Takeaway
When a trader known for accurately forecasting major downturns highlights support rather than warning of collapse — it grabs attention.
Is $42K the strategic accumulation zone? Or will Bitcoin carve a new path beyond the “banana” structure?
One thing is certain: long-term conviction continues to build around the king of crypto.
DYOR No Financial advice!
#BTC #BANANA #prediction #cryptonews $BTC $BANANA