Veteran trader Peter Brandt reignited a charting debate around Bitcoin this week after posting a striking daily chart of BTC and tweeting: “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.” The shorthand — equal parts old-school technical reference and trader whimsy — pointed market watchers to a possible shift in how Brandt sees Bitcoin’s recent rebound.
Brandt’s chart shows BTC bouncing off a sharp February washout from the low-$60,000s and pushing back into the low-$70,000s. The candle data he posted showed a daily close of $72,813.62 and an intraday high of $73,210.95. He overlaid two widening, curved boundaries that create a flaring ‘horn’ shape around the price action, and called attention to the rounded recovery arc — the “banana” — beginning to split into a broader structure.
“Banana” isn’t a standard chart label like flag, wedge or triangle; Brandt appears to be using it descriptively to capture the rounded, elongated nature of the rally. By saying it’s “splitting,” he implied the smooth curve is opening outward into a less orderly formation — the so-called horn. In classical charting terms a horn is a broadening pattern where price swings expand rather than compress, and invoking Richard W. Schabacker — a pre-war charting authority — framed Brandt’s read as rooted in traditional technical geometry rather than crypto-era meme-talk.
Brandt didn’t present the pattern as definitive. When a follower challenged him — “Dude pick one. Horn or flag” — Brandt replied: “Could be either. Sorry you cannot handle flexibility.” That exchange is telling: he’s not forcing a categorical call between a conventional continuation flag (which would imply a tidy pause in trend) and a widening horn (which implies larger, less controlled swings). Instead, he flagged that the structure may be in transition and that real-time pattern recognition is often messier than textbook examples.
The practical takeaway is less a precise price forecast than a note on market character. On Brandt’s chart, Bitcoin is trading toward the upper half of the formation, but the drawn boundaries flare outward to the right — visually supporting the possibility that volatility could expand rather than compress. Brandt didn’t annotate a measured breakout target, but the upper curved boundary in his image rises from roughly the mid-$70,000 area in mid-March toward about $83,000–$88,000 by early April. If BTC continues to track the pattern’s upper edge, the chart points to the low- to mid-$80,000s as the next visible zone.
At press time, BTC traded at $73,186.
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