Peter Brandt Suggests Michael Saylor "Banana" Support Level Buy Bitcoin, Sees $250K by 2029

BlockBeats News, February 22nd, Peter Brandt, a famous trader and chart analyst who successfully predicted Bitcoin's sharp decline in 2018, responded today on the X platform to NBA retiree Scottie Pippen's bullish tweet about Bitcoin, suggesting buying at the "Banana" support level (around $42,000). ("Banana" refers to Peter Brandt's unique Bitcoin channel model's lower boundary, forming a banana shape on a logarithmic chart, which accurately predicted past bear market bottoms.)

According to this model, Peter Brandt predicts Bitcoin will surpass $250,000 by the end of 2029.