Peter Brandt responds to Pippen's bullish Bitcoin prediction: recommends buying at $42,000, with a target price of $250,000 in 2029

CycleProphet · 2026-02-22T13:36:22+00:00

Renowned trader Peter Brandt recommends buying Bitcoin at the support level of $42,000 and predicts that Bitcoin will break through $250,000 by the end of 2029. His analysis is based on a unique Bitcoin channel model.

CycleProphet

2026-02-22 13:36:22

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Deep Tide TechFlow News, February 22 — Peter Brandt, a renowned trader and chart analyst who successfully predicted the 2018 Bitcoin crash, responded today on the X platform to Pippen’s bullish Bitcoin tweet, suggesting to buy 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.

BTC-3,94%

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