Peter Brandt responds to Pippen's bullish outlook on Bitcoin: suggests buying at $42,000, with a potential of $250,000 by 2029

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

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