Peter Brandt to Scottie Pippen: Buy Bitcoin at $42,000 — $250K by 2029
Coin Newsweek – February 22, 2026 – Legendary trader and chart analyst Peter Brandt, known for accurately predicting the 2018 Bitcoin crash, has weighed in on NBA Hall of Famer Scottie Pippen’s recent Bitcoin optimism with a specific trading recommendation rooted in his signature analytical framework.
Responding to Pippen’s bullish tweet on the X platform today, Brandt advised the Chicago Bulls legend to consider buying Bitcoin at what he calls the “banana” support level — approximately $42,000. The recommendation comes with a bold long-term target: $250,000 by the end of 2029.
The “banana” refers to the lower boundary of Brandt’s proprietary Bitcoin channel model, which takes on a distinctive curved shape resembling a banana when plotted on a logarithmic chart. This model has gained attention in trading circles for its historical accuracy in identifying bear market bottoms, including the 2018 low that Brandt himself successfully predicted.
Brandt’s response to Pippen represents a convergence of two very different worlds: the technical precision of a veteran commodity trader who has been analyzing markets for decades, and the mainstream cultural appeal of a six-time NBA champion whose interest in Bitcoin adds another layer of legitimacy to the cryptocurrency’s growing acceptance.
The $42,000 level identified by Brandt as the “banana” support holds particular significance. On logarithmic charts, which are preferred by many long-term Bitcoin analysts for showing percentage-based movements rather than absolute dollar changes, the banana pattern has historically marked the lower bound of Bitcoin’s multi-year accumulation ranges. Purchases at these levels during previous cycles preceded substantial rallies.
Brandt’s $250,000 year-end 2029 target implies a nearly six-fold increase from current prices if Bitcoin were to trade at the recommended entry level. While ambitious, the target aligns with the model’s long-term trajectory, which accounts for Bitcoin’s historical pattern of diminishing returns over successive cycles while still projecting substantial appreciation.
For Pippen, who has previously expressed interest in Bitcoin and blockchain technology, Brandt’s analysis provides a concrete framework for potential entry. The basketball legend’s tweet, which prompted Brandt’s response, had signaled continued confidence in cryptocurrency’s future despite recent market volatility.
The interaction highlights how technical analysis continues to play a significant role in Bitcoin trading decisions, even as the asset class matures and attracts institutional investors. Brandt’s decades of experience and his track record during the 2018 bear market give his views particular weight among traders who follow chart-based approaches.
Brandt’s banana model, while unconventional in name, represents a serious analytical tool that has earned respect in trading communities. The model’s ability to capture Bitcoin’s exponential growth trajectory on a logarithmic scale while identifying meaningful support and resistance levels has made it a reference point for many market participants.
As always with price predictions, Brandt’s forecast comes with inherent uncertainty. The cryptocurrency market remains volatile and subject to numerous factors beyond technical patterns, including regulatory developments, macroeconomic conditions, and adoption trends. However, for traders who follow Brandt’s work, the combination of a clear entry level and a long-term target provides a structured approach to Bitcoin investment.
Whether Pippen will act on Brandt’s advice remains to be seen, but the exchange between the trading legend and the basketball icon has already generated significant discussion across social media platforms, bringing Brandt’s banana model to a wider audience.
