Peter Brandt discussed the imminent “banana split” of Bitcoin., 2026/03/10 18:07:57

The CEO of Factor, trader, and analyst Peter Brandt has presented an unconventional price forecast for Bitcoin, likening its price movement to that of a banana. According to the economist, the leading cryptocurrency is currently at a level that could trigger a significant rally.

Brandt supported his prediction with infographics. The image illustrates historical bullish cycles of Bitcoin within a large upward-curving channel, which the expert compared to a giant banana. The lower boundary is represented by a green support line, while the upper boundary is marked by a red resistance line. Following a substantial decline in late January to early February, instead of a sharp V-shaped recovery, Bitcoin has gradually formed a rounded ascending channel, as indicated by the infographic.

“The big banana creates a small banana — and this suggests that a banana split is imminent,” Brandt stated.

In his “banana model,” Brandt highlights the emergence of a favorable configuration: the current short-term price reversal (“small banana”) aligns with the long-term support line (“big banana”). The recent market correction brought the price down precisely to the lower green boundary of the long-term trend, and previous touches of this support line have historically served as launch points for parabolic rallies of the primary cryptocurrency.

On the chart, Brandt drew a bold red arrow pointing directly upward from the current price of $69,189. He explained that after this point, a “banana split,” or a price breakout, may commence.

Previously, Brandt indicated that Bitcoin would not reach $200,000 by the end of the year — the leading cryptocurrency is expected to surpass this threshold only by 2029.