Peter Brandt’s 15-Year Bitcoin ‘Banana’ Chart Sparks Debate: Bullish Signal or Overripe Warning?

Veteran trader Peter Brandt's latest Bitcoin chart—dubbed the 'Banana' for its parabolic curve—has the crypto community split. Is this a bullish megaphone pattern or a warning of overextension?

The Setup: Brandt's logarithmic regression tracks BTC's 15-year price action, now forming a narrowing wedge. Classic technical analysis suggests either a breakout to new ATHs or a steep correction.

Market Pulse: Bitcoin currently tests the pattern's upper boundary at $63,500 while traditional finance pundits scoff—"When your TA needs produce metaphors, maybe diversify beyond magic internet money."

Key Context: The chart notably excludes 2021's blow-off top, focusing instead on long-term support levels that held during March's 20% dip.

Whether this banana yields smooth gains or slippery losses, one truth remains: in crypto, even fruit charts get more attention than most altcoin whitepapers.

Peter Brandt, the trading legend, took to X with his latest Bitcoin chart, a banana-shaped pattern. The 15-year log-scale chart of Bitcoin’s price trend, now at $118,000, suggests a critical juncture. 

As the crypto market surges under President Donald Trump’s pro-crypto policies, Brandt’s cryptic caption is enough to debate.

So, what happens once when the last bite of the Big Yellow Banana is taken? pic.twitter.com/to1r5YRaqT

The “Banana” Formation: A Decade-Long Setup

Brandt’s chart tracks Bitcoin’s price arc from 2010 to 2025. The shape is a smooth, upward curve that’s now hitting a pressure point. The chart outlines two possible futures:

• A breakout above the arc, resuming Bitcoin’s long-term bullish cycle
• A breakdown below it, which would invalidate the historic structure that’s held for over a decade

Interestingly, Brandt didn’t provide any bullish or bearish price targets. Instead, he left the community hanging, intensifying debate about where bitcoin is headed next.

Market Sentiment Is Divided

Investor sentiment remains split. On one hand, there are the bold bulls eyeing million-dollar targets, fueled by institutional inflows and growing ETF momentum. On the other, caution is growing due to months of sideways price action and macro uncertainty.

Brandt’s chart doesn’t take sides but it does suggest the current structure isn’t built to last. With 15 years of historical growth captured in one clean arc, the implication is clear: Bitcoin is nearing a make-or-break moment.

Peter Brandt: A Voice That Moves Markets!

Brandt’s reputation in the trading world speaks for itself. Known for his no-nonsense style and DEEP technical analysis, his views often stir strong reactions and for good reason.

His latest “banana” chart reflects a deeper message about the maturing crypto market. As Bitcoin approaches its next major move, Brandt’s post has added a new layer of intrigue to the ongoing bull-bear tug of war.