Peter Brandt recommends buying Bitcoin at the "Banana" support level, and predicts it could reach $250,000 by 2029.

GateUser-6433627c · 2026-02-22T13:08:01+00:00

Renowned trader Peter Brandt recommends buying Bitcoin at the "banana" support level (around $42,000) and predicts that Bitcoin will break $250,000 by the end of 2029.

GateUser-6433627c

2026-02-22 13:08:01

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On February 22, the renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, responded on the X platform to a tweet by retired NBA star Pippen expressing optimism about Bitcoin. He suggested buying at the “banana” support level (around $42,000). (“Banana” refers to the lower boundary of Peter Brandt’s unique Bitcoin channel model, which forms a banana shape on the logarithmic chart and has accurately predicted past bear market bottoms.) According to this model, Peter Brandt predicts Bitcoin will break $250,000 by the end of 2029.

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