Parabolic Bitcoin: Analyst Peter Brandt Indicates Long-Term Support Level

Renowned technical analyst Peter Brandt has provided an in-depth analysis of Bitcoin’s price trend through his unique parabolic framework. According to this theory, deep corrections in a bear market are not random but follow a specific parabolic pattern that Brandt has identified through years of market observation.

Banana Peel – Bitcoin’s Long-Term Parabolic Support

Peter Brandt has discovered an important concept he calls the “Banana Peel” support — essentially a long-term parabolic support zone formed by Bitcoin’s logarithmic price trend since 2010. As reported by ChainCatcher, this parabolic support level is approximately $42,000. This is particularly significant for traders seeking relatively safe levels to accumulate during sharp corrections.

This parabolic structure is visualized as a banana-shaped curve — the outer curve representing extreme parabolic growth at market peaks, while the inner curve, or the “Banana Peel” support, indicates the long-term trend support range that deep corrections often touch or slightly break.

Historical Confirmation: Market Lows and Parabolic Support

Experience from previous market cycles shows the accuracy of this parabolic model. Major bear market lows in 2011, 2015, 2018, and 2022 nearly reached or slightly broke this support line. This indicates that Brandt’s parabolic support is not just an abstract theory but a model with a strong historical basis.

Currently, with Bitcoin trading around $67.61K based on recent data, the question is whether Bitcoin will continue to correct down to the $42,000 parabolic support or find support elsewhere beforehand. Understanding this parabola can help traders better identify key support levels during volatile market phases.

Understanding Brandt’s Banana Peel Chart

The Banana Peel chart is not a complex analytical tool but a combination of logarithmic mathematics and practical observation from market cycles. This parabolic support emphasizes that, despite significant price volatility, Bitcoin still follows certain structural laws over time. Grasping this parabola allows analysts and traders to have a longer-term perspective on Bitcoin’s truly important support levels.