Renowned technical analyst Peter Brandt has captured the spotlight once again with his recent logarithmic Bitcoin 
$76,115 chart spanning 15 years. The chart’s distinctive banana-like curve, humorously noted by Brandt, succinctly outlines Bitcoin’s price movements from its inception in 2010 to a concentrated range near $118,000 in 2025. The primary question arising is whether this leading cryptocurrency can surpass its horizontal consolidation.
Bitcoin’s 15-Year ‘Banana Curve’ Chart
The curvature of the chart highlights Bitcoin’s evolution from almost vertical early surges to more tempered waves post-2021. This curve illustrates how increasing market volatility has gradually given way, with supply and demand dynamics evolving into a more mature market over time.
Initially appearing banana-like, this structure intertwines three different market cycles into a single line. While the 2013 and 2017 leaps supported the upper curve’s boundary for years, the recent horizontal compression since 2022 has solidified its lower edge. The result is a wide-ranging yet distinctly bounded channel.
Brandt did not specify figures in his commentary but posed the intriguing question, “How will the banana split?” This uncertainty adds a layer of intrigue to the long-term price chart, with the first step beyond this channel poised to clarify Bitcoin’s direction.
Is a Surge or Collapse Next?
According to the analyst, scenarios converge at two extremes. Bitcoin could either surpass the upper band to initiate a fresh rally or dip below the lower band, invalidating its fifteen-year technical structure. Both possibilities hold substantial market-shaking potential.
Optimists, citing institutional adoption and inflows into U.S. ETFs, maintain high hopes for seven-digit price targets for Bitcoin. Yet, prolonged sideways movement has also increased the number of cautious investors. Brandt’s chart, rather than biased, merely documents a structure that compels short-term decision-making, making directional tension visible.
Market psychology is now anchored in these bifurcated possibilities. The compression in volume creates a force unlikely to sustain directionless trading for long. Hence, the question of which way Bitcoin breaks the curve remains a collective curiosity, even overshadowing traditional analysis tools.
