Bitcoin Banana Chart Gains Traction as Peter Brandt Revisits Parabolic Trend

Veteran trader Peter Brandt has reignited discussion around Bitcoin’s long-term parabolic trajectory by sharing an updated version of what he now calls the “Bitcoin Banana.”

In a tweet posted on July 27, Brandt humorously reaffirmed his claim to being the first to identify Bitcoin’s parabolic structure back in October 2017. The updated chart includes a bold, yellow, banana-shaped arc encapsulating Bitcoin’s historic price growth and future trajectory.

Brandt’s chart, which spans from Bitcoin’s inception to projections for 2029, shows the asset’s remarkable rise within a broad, curved band—suggesting that despite periods of volatility, the overarching trend remains bullish. The “banana” curve captures each of Bitcoin’s major bull and bear cycles, with the price consistently returning to the midline of this elongated parabolic zone.

The visual metaphor is more than playful. It underscores Brandt’s broader thesis that Bitcoin operates within a predictable, albeit volatile, long-term growth pattern. He notes that recent price action—hovering around $118,000—still aligns with this curved structure. The red and black trend lines on the chart further reinforce key resistance and support zones embedded in this multiyear growth channel.

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By coining the phrase “Bitcoin Banana,” Brandt highlights both the longevity and the consistency of Bitcoin’s trajectory when viewed from a logarithmic, long-term perspective. This framing echoes his earlier work on identifying exponential growth assets and builds on the technical concept of parabolic advances.

Brandt also issued a friendly challenge to the crypto community: “If I’m wrong [about being the first], show the link.” It’s a call to verify history, as well as a nod to the enduring significance of trader insight during Bitcoin’s early technical analysis phase.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.