Veteran chartist Peter Brandt reignited debate over Bitcoin’s next move after posting a daily BTC chart and writing: “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.”
Brandt’s chart shows Bitcoin rebounding from a sharp February drop out of the low-$60,000s and pushing back into the low-$70,000s. The candle data on his post indicated a close of $72,813.62 and an intraday high of $73,210.95. Over that rally he sketched two widening, curved boundaries that form the outline of what he labeled a “horn.”
“Banana” isn’t a standard technical-label like flag, wedge or triangle — Brandt appears to be using it descriptively to call out the rounded, elongated recovery arc. His comment that “the Banana is splitting” implies that the smooth curve is beginning to open outward into a broader, less orderly structure — what classical chartists call a broadening or “horn” formation. The Schabacker reference underscores that Brandt was pointing to traditional, pre-war chart geometry rather than crypto-era jargon.
Brandt stopped short of a definitive call. When a follower said, “Dude pick one. Horn or flag,” Brandt replied: “Could be either. Sorry you cannot handle flexibility.” That exchange matters: a flag usually signals an orderly pause and then continuation, while a horn or broadening pattern suggests expanding swings and a more volatile advance. Brandt’s drawing shows Bitcoin riding the upper half of a flaring formation, visually consistent with the idea that volatility could expand rather than compress.
He didn’t annotate a precise measured move, so any target is approximate. Reading the shared image as a path rather than a textbook breakout, the upper curved boundary climbs from roughly the mid-$70,000s in mid-March toward about $83,000–$88,000 by early April. If BTC continues hugging the upper edge of the pattern, the next visible zone would sit in the low- to mid-$80,000s.
At press time, Bitcoin traded around $73,186.
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