Peter Brandt, the trading legend, has released his latest Bitcoin chart, a banana-shaped model. The 15-year logarithmic chart of Bitcoin's price trend, currently at $118,000, indicates a significant turning point. As the cryptocurrency market surges under President Donald Trump's pro-cryptocurrency policies, Brandt's cryptic comments are enough to spark controversy.

The 'Banana' Model: A Long-Term Setup Spanning Decades

Brandt's chart tracks the price curve of Bitcoin from 2010 to 2025. This curve is a smooth upward curve, currently reaching a pressure point. The chart outlines two possible future scenarios:

  • The breakout on the curve continues the long-term bullish cycle of Bitcoin

  • A drop below it would invalidate the historical structure that has existed for over a decade

Interestingly, Brandt does not provide any upward or downward price targets. Instead, he leaves the community waiting, intensifying the debate about Bitcoin's next direction.

Divided Market Sentiment

Investor sentiment remains divided. On one side are bold speculators targeting million-dollar goals, driven by institutional investment flows and the growth of ETFs. On the other hand, cautious sentiment is rising due to sideways price action for several months and macroeconomic uncertainty.

Brandt's chart is unbiased, yet it indicates that the current structure is not built to last. With 15 years of historical growth captured in a clear curve, the implication is very clear: Bitcoin is approaching a pivotal moment of success or failure.

Peter Brandt: The Voice That Shakes the Market

Brandt's reputation in trading circles speaks for itself. Known for his candid style and deep technical analysis, his views often provoke strong reactions and are well-founded.

His latest 'banana' chart reflects a deeper message about the maturing cryptocurrency market. As Bitcoin prepares to enter the next phase of significant volatility, Brandt's post adds a new layer of intrigue to the ongoing tug-of-war between bulls and bears.

So, which direction will Bitcoin break? That's a million-dollar question.