Veteran trader Peter Brandt reignited debate in crypto-charting circles this week after posting a daily BTC chart with the succinct line: “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.”
The chart shows Bitcoin rebounding from a sharp February washout (into the low-$60,000s) and climbing back toward the low-$70,000s. Brandt’s posted candle data recorded a close of $72,813.62 and an intraday high of $73,210.95. Over that recovery arc he sketched two widening curved boundaries — the shape he labeled a “horn.”
Why the unusual language? “Banana” isn’t a standard technical label like flag, wedge or triangle; Brandt appears to be using it descriptively to capture the rounded, elongated recovery arc. “The Banana is splitting” implies that the smooth curve is beginning to open outward into a broader, less orderly formation — hence the “horn.” By invoking Richard W. Schabacker’s 1934 work, Brandt framed the setup as classical chart geometry rather than a crypto meme.
Brandt wasn’t dogmatic about the reading. When a follower asked, “Dude pick one. Horn or flag,” Brandt replied: “Could be either. Sorry you cannot handle flexibility.” That exchange matters: he didn’t present a settled call. Instead he flagged a structure in transition — a reminder that real-time pattern recognition is often messier than textbook examples.
Why this matters for traders: a flag typically signals an orderly pause within a trend (often leading to continuation), while a horn — a type of broadening structure — suggests widening swings and a less controlled advance. On Brandt’s chart, BTC is pushing through the upper half of the formation while the drawn boundaries flare outward, visually supporting the idea that volatility could expand rather than compress.
Brandt didn’t post a measured target, so any price projection is approximate. Reading the chart as a horn, the upper curved boundary climbs from roughly the mid-$70,000 area in mid-March toward about $83,000–$88,000 by early April. If Bitcoin continues to track the upper edge of the pattern, the next visible zone would be in the low- to mid-$80,000s.
At the time of Brandt’s post, BTC was trading around $73,186 — and the charting debate he sparked is a useful reminder for market participants to weigh both orderly continuation scenarios and the risk of an increasingly volatile advance.
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