Veteran market analyst Peter Brandt has taken a fruity approach with his latest Bitcoin (BTC) price forecast.
His terminology might sound like a dessert menu, but the technical analysis points to an extremely bullish setup for the world's leading cryptocurrency.
The "banana split"
After a steep and humongous plunge in late January and early February 2026, the sell-off exhausted itself. Now, the market is in the middle of choppy consolidation.
Instead of a sharp "V-shaped" recovery, Bitcoin has slowly carved out a rounded, upward-sloping channel.
Despite heavy recent selling pressure, buyers have stepped in to steadily raise the local floor.
This macro chart defines Bitcoin's historical bull cycles within a massive upward-curving channel, bounded by a green support band at the bottom and a red resistance band at the top.
The recent market correction brought the price down exactly to the green lower boundary of this decade-long curve. Historically, touching this green support band has served as the launchpad for Bitcoin's most aggressive parabolic rallies.
The "little banana" (short-term rounded bottom) is forming precisely on top of the "big banana" (the macro multi-year support line).
So, what is the "banana split"? On his macro chart, Brandt has drawn a bold, red arrow pointing straight up from the current price action near $69,189
Brandt's prediction of a "Banana Split" (a massive upside breakout) hinges on the momentum built within this current bowl.
Bitcoin is currently testing the top of its recent consolidation range just above $70,000. However, it still faces significant structural resistance left behind by the January crash.
Dan Burgin
Vladislav Sopov
