This weekend, NBA Hall of Famer Scottie Pippen sparked a fresh Bitcoin debate, but veteran chart analyst Peter Brandt attached a price tag to the conversation. In response to Pippen’s comparison of the market structure in 2020 and 2026, Brandt projected a BTC price of $250,000 by 2029 and told the basketball legend to “buy the banana” of Bitcoin.
“Banana” logic behind Brandt’s 2029 price geometry
For the confused, the “banana” is Brandt’s shorthand for Bitcoin’s curved, multi-year growth channel. Since 2012, the price has oscillated between a lower green boundary, which has marked deep cyclical retracements, and an upper red band, which has coincided with speculative excess.
Currently, with the price of Bitcoin trading in the high-$60,000 range after peaking near $92,000 in January 2026, the asset sits in the middle of this range far from historic extremes.
HOT Stories
XRP Records Largest On-Chain Realized Loss Spike Since 2022
Ripple Partners With Deutsche Bank, $2 Billion in Bitcoin Scooped by Whales, Schwartz Criticizes Logan Paul, Shiba Inu Price Enters Consolidation — Top Weekly Crypto News
Source: Peter BrandtBrandt’s projection assumes the continuation of a pattern that investors have already witnessed three times: in 2013, 2017 and 2021. Since the timeline stretches across the next halving cycle and into 2029, the “$250,000 BTC” figure is not a prediction for the next quarter, and the trader’s credibility matters here with more than 50 years of experience in the futures market.
The logic behind $250,000 is as mechanical as pure math: if BTC remains within its logarithmic growth corridor and repeats prior cycle behavior, the upper boundary will migrate back to the mid-six-figure range before the end of the decade.
Peter Brandt does not deny Pippen’s optimism for Bitcoin but insists that long-term geometry still governs the price of it.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin rebounds to $71K as oil drops after Trump signals pause on Iran strikes
Bitcoin (BTC) broke back toward $71,000 during Monday’s European trading session as US President Donald Trump said attacks on Iran’s power infrastructure would be postponed.
Key takeaways:
Bitcoin bounces 5% to $71,000 after President Trump said US attacks on Iran's infrastructure would be pos
Cointelegraph4m ago
This Friday, crypto options will undergo quarterly settlement, with BTC options valued at $14.16 billion.
Gate News reports that on March 25, this Friday (March 28) will see quarterly settlement in the crypto options market, coinciding with the largest open interest expiration date in the current market. BTC options are valued at approximately $14.16 billion, with a maximum pain point at $75,000; ETH options are valued at approximately $2.2 billion, with a maximum pain point at $2,350.
GateNews5m ago
Top Analyst Predicts Bitcoin (BTC) Price Spike to $600K, Reveals Expected Timeline
Bitcoin price is holding near $71,088 on March 25 after a quiet 24 hours and a mild weekly pullback. BTC is up about 0.31% on the day, down 4.01% over the past 7 days, and still up 8.16% over the last 30 days. That leaves Bitcoin close to the upper end of its recent monthly range, even though t
CaptainAltcoin8m ago
500 Bitcoin Transferred, Europol Cracks Old Wallet
A portion of Bitcoin held by Clifton Collins has attracted attention again, with 500 bitcoins successfully transferred to a new address, sparking speculation about how the private keys were obtained. This transfer involves multiple wallets, demonstrates enhanced tracking capabilities by law enforcement, and serves as a warning to Bitcoin holders to strengthen their private key management.
GateNews11m ago
Bhutan Moves 519 BTC Worth 37 Million To Wallets Linked With Trading Firms
_Bhutan transfers 519 BTC worth $36.75M to wallets, including one linked to QCP Capital, while retaining 4,453 BTC in reserves._
Bhutan moves 519 BTC worth 37 million to wallets linked with trading firm, drawing attention to its digital asset activity.
Blockchain data shows the transfer was
LiveBTCNews13m ago
