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Peter Brandt shared a new Bitcoin chart - and while it looks like a banana, the message behind it is not a joke. The experienced trader, known for his long-range technical views and straight-talking style, posted a 15-year log-scale chart of BTC that has people wondering if Bitcoin's next big move is already set in stone.
If you look at the chart, you will see that Bitcoin's price action from 2010 to now is like a gently curving arc - the "banana" - which starts during the early days of price discovery and fades into today's compressed zone around $118,000. The big question is whether Bitcoin has run out of room to move sideways.
Brandt did not add any predictions or price targets, just the caption: "Which way will the Banana Split?"
This implies two possible outcomes. Bitcoin is either going to break through the upper boundary and resume a broader breakout cycle, or it is going to break beneath the curve and invalidate a long-standing technical structure that has held across three market eras.
The post has come out when people's feelings about Bitcoin are all over the place. Some market participants are still shooting for seven-figure targets based on ETF flows and macro adoption narratives, while others have gotten more cautious after months of sideways action.
Brandt's chart does not take a side, but it does suggest that the current structure will not last much longer.
For now, the chart is a reminder that Bitcoin's next big move might be right around the corner. After 15 years of almost nonstop growth, even a banana-shaped curve can tell a serious story.
Vladislav Sopov
U.Today Editorial Team