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Peter Brandt suggests Pippen buy Bitcoin around the $42,000 support level, with a potential of reaching $250,000 by 2029.
Odaily Planet Daily reports that renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, responded today on the X platform to NBA Hall of Famer Scottie Pippen’s bullish tweet about Bitcoin. He suggested buying at the “banana” support level (around $42,000). According to this model, Peter Brandt predicts Bitcoin will break $250,000 by the end of 2029.
Odaily note: “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.