PANews reported on February 22 that Peter Brandt, the renowned trader and chart analyst who successfully predicted the 2018 Bitcoin crash, responded to NBA retired star Scottie Pippen's bullish tweet on the X platform today, suggesting buying at the "banana" support level (approximately $42,000). The "banana" refers to the lower boundary of Peter Brandt's unique Bitcoin channel model, which forms a banana shape on a logarithmic chart and has accurately predicted past bear market bottoms.

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