Peter Brandt suggests Pippen buy Bitcoin around the $42,000 support level, with a potential target of $250,000 by 2029

Odaily News: Peter Brandt, a renowned trader and chart analyst who famously predicted Bitcoin's 2018 crash, responded today on platform X to a bullish tweet about Bitcoin from retired NBA star Scottie Pippen. He suggested buying at the "banana" support level (around $42,000). Based on this model, Peter Brandt predicts Bitcoin will surpass $250,000 by the end of 2029.

Odaily Note: The "banana" refers to the lower boundary of Peter Brandt's proprietary Bitcoin channel model, which forms a banana-like shape on a logarithmic chart and has accurately predicted past bear market bottoms.