Veteran trader Peter Brandt sparked a fresh round of chart debate around Bitcoin after posting a chart and writing, “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book.” For market participants used to Brandt’s shorthand, the message pointed to a possible shift in how he is reading BTC’s recent recovery structure.
‘Banana/Horn’ Could Send Bitcoin Into Mid-$80Ks In classical chart language, a horn pattern is best understood as a broadening structure, one where the price path does not tighten but expands. Brandt’s reference to Richard W. Schabacker matters because Schabacker’s pre-war technical analysis work sits near the foundation of modern classical charting. By invoking a 1934 text, Brandt was framing the setup as old-school chart geometry rather than a crypto-native meme or a one-off joke.
The catch is that Brandt himself did not present the pattern as settled. When one user replied, “Dude pick one. Horn or flag,” Brandt answered: “Could be either. Sorry you cannot handle flexibility.” That response is important. It suggests he is not yet making a hard categorical call between a more conventional continuation flag and a widening horn-type formation. Instead, he appears to be highlighting that the structure is in transition and that real-time pattern recognition is rarely as clean as retrospective textbook examples.
As for price target, Brandt did not annotate a measured move, so any projection has to be treated as approximate. The most reasonable read from the image is not a fixed breakout target but a path target along the horn itself. The upper curved boundary rises from around the mid-$70,000 area in mid-March toward roughly $83,000 to $88,000 by early April, while the lower boundary also trends sharply higher. If Bitcoin continues to track the upper side of the pattern, the chart appears to point toward the low- to mid-$80,000s as the next visible zone.
At press time, BTC traded at $73,186.
