Experienced trader Peter Brandt highlighted that “Small” and “Large Banana Split” formations are developing, typically resulting in sharp volatility, bullish momentum, and potential parabolic price surges. The market has also reacted positively to easing US–Iran geopolitical risks, falling oil prices, and reduced macroeconomic uncertainty; BTC is trading at $69,803 at press time, showing early signs of short-term upward momentum.

Peter Brandt Shifts from Bearish to Bullish

Earlier today, Brandt shared on X his bullish outlook for BTC. In his recent analysis, he described Bitcoin’s long-term upward channel as the “Large Banana Split”, noting that micro-scale structures have also broken upward. Why is BTC rising? The technical answer lies in cyclical patterns that repeat approximately every 52 weeks, now reaching their final stage.

Brandt’s bullish stance comes shortly after a previous bearish view. He remained cautious in the crypto market for a period before adopting a bullish outlook on BTC. He specifically anticipates a major price move by October 2026.

The Big Banana is forming a Little Banana — and it indicates there is about to be a Banana Split $BTC pic.twitter.com/0bDCPU3tGP

— Peter Brandt (@PeterLBrandt) March 10, 2026

Large Banana Split and Potential Moves

Peter Brandt shared another weekly chart showing BTC still within a long-term parabolic channel, which he calls the “Large Banana Split”. Historically, this channel has been through multiple market cycles, while the short-term “Small Banana Split” signals Bitcoin’s preparation for the next major move.

Following declines in US oil prices and President Trump’s comments about ending the conflict soon, the crypto market responded positively. BTC could experience a sudden breakout, potentially mimicking previous market cycle patterns.

What This Could Mean for BTC

Bitcoin has been under pressure due to US–Iran tensions but has recently shown signs of relief, with prices rising as the conflict eases.

The “Banana Split” term refers to the expected price surge once both small and large formations are completed. The short-term curve suggests significant growth, marking the possible start of a bullish market. However, if the pattern fails, downward movements could still occur.

As of press time, BTC trades at $69,803, up 3.2% in a day, 2.7% over the past week, and 0.6% monthly. If Peter Brandt’s forecast materializes, BTC could reach as high as $280,000 in the long term. In summary, there are both risks and opportunities, and investors should remain cautious but optimistic.

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Peter Brandt: “The True Bottom May Not Have Been Seen Yet”

According to Peter Brandt, Bitcoin cycles last much longer than most investors expect. These cycles often span years rather than months, and sharp corrections are inevitable after major rallies. Looking at past cycles, Brandt reminds investors that declines of up to 80% have followed every major bull run.

In his view, current price action suggests that the market has not yet fully reset. As a result, the long-term bottom for Bitcoin may not have formed yet, and the next major bull market peak could be delayed until 2029.

Bitcoin’s nearly 15-year price history shows recurring patterns. Parabolic rises are typically fueled by excessive leverage and speculation, followed by sharp corrections. Brandt argues that these corrections are necessary for the market to reset in a healthy way and prepare for a new cycle. In more negative scenarios, he suggests Bitcoin could fall below $60,000, and under extreme market stress, even the $20,000 range could come back into focus. These projections underscore the importance of risk management, especially for short-term investors.

Is Bitcoin Weakness an Opportunity for Altcoins?

Bitcoin’s weak outlook has reignited discussions around the altcoin market. Historically, periods when Bitcoin trades sideways or loses strength have sometimes allowed certain altcoins to outperform. For this reason, some investors believe capital rotation could shift toward Ethereum and select altcoins.

Ethereum, in particular, stands out as a potential candidate due to its role in DeFi, tokenization, and growing institutional use cases. If Bitcoin fails to establish a clear uptrend, limited but notable moves could occur in a small number of fundamentally strong projects.

Warning: “An Altcoin Season May Not Happen”

However, not everyone agrees with this scenario. Crypto analyst Benjamin Cowen argues that due to macroeconomic conditions and tight monetary policies, a true altcoin season may not occur in this cycle. According to Cowen, many investors continue to hold positions in weak projects while waiting for an altcoin rally that may never materialize. He emphasizes that long-term returns are more likely to come from assets with strong fundamentals rather than speculative narratives.

As differing views persist in the Bitcoin market, there is no clear consensus on a single scenario. While some institutions expect new highs in 2026, figures like Peter Brandt point to a longer and more painful process. In the current environment, risk management, portfolio diversification, and close monitoring of macroeconomic conditions appear more important than ever for investors.

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The BTC/USD pair rose by 2.43% in the last 24 hours, reaching $109,500, with trading volume increasing by 20% to $56 billion. The main driver behind this rise is Bitcoin’s synchronized movement with the global M2 money supply. The M2 money supply has reached an all-time high of $55.48 trillion. 

Additionally, Coinglass data supports the upward trend. A 7.28% increase in open interest on BTC futures indicates a generally bullish market. 

Peter Brandt’s Bold Bitcoin Prediction: $140K Target in Sight 

The analyst emphasized Bitcoin is in a strong breakout pattern in a chart shared on the X platform. Brandt questioned, “Isn’t this bearish flag too obvious to fail?” According to Brandt, after this breakout, BTC is aiming first for $104,000, then $140,000. This outlook aligns with forecasts from major institutions like Standard Chartered and is supported by the Global M2 curve that Bitcoin has followed consistently since early 2024. 

Is this bear flag (yellow box) so obvious to everyone so as to not work?
Or is this chart about to drop off a cliff?
Just asking. CTB$ pic.twitter.com/x3c9ABwVx5

— Peter Brandt (@PeterLBrandt) July 3, 2025

Arthur Hayes: Bitcoin to $90K Before Jackson Hole 

However, Maelstrom Fund CIO Arthur Hayes is more cautious. He believes June’s CPI data and July’s FOMC decision may tighten market liquidity. The restructuring of the Treasury General Account (TGA) could significantly withdraw liquidity from the market. 

Hayes stated, “The market will move sideways or slightly down until Powell’s Jackson Hole speech.” He highlighted a potential drop to the $90,000–$95,000 range for BTC. Preparing for this scenario, Maelstrom Fund sold illiquid altcoin positions and reduced Bitcoin exposure. 

FOMC and CPI Data to Decide Bitcoin’s Fate 

Ultimately, Bitcoin’s direction will largely depend on economic data and central bank decisions. If inflation falls below expectations, real yields remain low, attracting capital to non-yielding assets like Bitcoin. Furthermore, if the Fed softens its hawkish stance and slows balance sheet reduction, it could trigger a new bull run. 

CPI data and the Fed’s tone will determine the strength of this move. The battle between bulls and bears will become clearer in the coming days. 

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Every dog has its day — woof woof $ETH pic.twitter.com/C84UeX3YUF

— Peter Brandt (@PeterLBrandt) June 9, 2025

Symmetrical Triangle and Bull Flag Signals

The symmetrical triangle does not provide a clear directional bias. However, considering the 50% surge between May 8-13, this formation is turning into a bull flag. A bull flag predicts the continuation of an uptrend. Brandt’s chart emphasizes that Ethereum’s tightening price structure is ready to explode. 

Whales and Institutions’ Interest in ETH

Major institutions like BlackRock have started to recognize ETH’s potential. Whales are also turning to ETH amid recent market turbulence. Although Brandt was previously cautious about Ethereum, he now states that the long-term consolidation pattern could trigger a significant rally. In particular, his statement, “This consolidation pattern could support a moonshot,” is drawing investors’ attention. 

If Peter Brandt’s bull flag pattern materializes, a decisive daily candlestick close above the flag’s upper trendline will be required. This move would confirm a bullish breakout, with the target calculated by adding the length of the rally before the flag to the flag’s base. According to Peter Brandt’s hints, the theoretical Ethereum price target would be $3,611. 

On the other hand, on June 6, nine spot Ethereum ETFs saw a net inflow of 6,819 ETH ($17.3 million). BlackRock’s iShares ETF (IBIT) recorded the largest inflow with 6,356 ETH ($16.13 million), holding a total of 1,513,131 ETH ($4 billion). However, the Invesco Galaxy Ethereum ETF experienced an outflow of 543 ETH. Grayscale Ethereum Trust and Ethereum Mini Trust lost 78 ETH and 2 ETH, respectively. Other ETFs recorded zero inflows. 

What Does Technical Analysis Say?

Ethereum (ETH) appears poised to finally break out of the bearish FVG zone it has been stuck in for days. If the daily close occurs above this zone, a strong rally toward $3,000 could begin after a retest. Today’s close is critical in this regard! However, if the level is not broken, the price will remain trapped in this zone, and up-and-down fluctuations will continue. Sharp moves could be seen this week; it’s worth paying attention to the close and volume. 

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Peter Brandt, a seasoned trader, announced the new milestone on X and suggested that the next target for the ratio could be 89 ounces of gold per Bitcoin, implying Bitcoin will continue to outperform gold.

Bitcoin vs Gold: Market Capitalization Discrepancy

Currently, Bitcoin’s market capitalization stands at about $2.1 trillion, while gold’s market cap is approximately $15 trillion. This disparity points to the potential for further growth in Bitcoin, with some analysts suggesting that Bitcoin could eventually close this gap. Cathie Wood, founder of ARK Invest, also commented earlier in December that Bitcoin is positioned to solidify its status as digital gold by bridging this market cap difference.

Mining Difficulty and Record-Breaking Achievements

Bitcoin’s price surge comes amid a record-high mining difficulty. On December 15, the Bitcoin mining difficulty surpassed 105 trillion, setting a new record. The mining difficulty adjusts every 14 days (every 2016 blocks), and the next adjustment is expected on January 1, 2025.

Bitcoin’s growing value and its increasing dominance over gold are catching the attention of investors, further solidifying Bitcoin’s role as a store of value in the long term.

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Renowned analyst Peter Brandt, known for his accurate predictions about Bitcoin, suggested that a price rally may have begun following the anticipated halving. Brandt noted that Bitcoin has completed a reverse expanding triangle formation over the past five months and emphasized the importance of continuity during this process.

The analyst commented, “The rally may have started post-halving. The series of ‘lower highs and lower lows’ that has persisted since March has ended.” In a statement made the previous week, Brandt described Bitcoin as being in a historic breakout phase, referring to it as “the most anticipated and hoped-for breakout in history.”

Peter Brandt also expressed his expectation that Bitcoin could reach as high as $135,000 by August or September 2025. These remarks have generated excitement among cryptocurrency investors and are believed to potentially influence market fluctuations.

The predictions regarding Bitcoin‘s future serve as a significant reference point for investors, and Brandt‘s analysis is closely monitored within the cryptocurrency space.

Bitcoin Rises: Trump’s Election Odds and Spot ETF Investments

Bitcoin continues to trade above $71,000, and this increase is being attributed to the rising likelihood of former U.S. President Donald Trump’s election. Trump had previously promised to make the U.S. a Bitcoin superpower in his statements. This situation has heightened investor interest in Bitcoin and created movement in the markets.

Additionally, Bitcoin spot ETFs recorded one of the largest investment inflows in recent days. As of yesterday, a total of $472 million was invested in ETFs, with $308 million coming solely from BlackRock. This investment from BlackRock, combined with the positive market atmosphere, has led to a significant increase in Bitcoin‘s price.

Investors are turning to Bitcoin and other crypto assets, taking into account the possibility of Trump’s reelection, while the large inflows into ETFs further support this trend. Experts suggest that this situation could have a positive impact on Bitcoin‘s future.

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The post Famous Analyst: Bitcoin Halving Rally May Have Started appeared first on Coin Engineer.

Peter Schiff vs. Peter Brandt: The Bitcoin Debate

Peter Schiff and Peter Brandt, two analysts who often share analysis about the cryptocurrency market, got into a serious debate.

The debate started after gold enthusiast analyst Peter Schiff made a comment about the performance of some assets recently. Referring to a tweet he had previously posted, Schiff mentioned that the price of silver has increased by 21% since the beginning of April. He added that the increase in value in Bitcoin during the same period was only 2%.

Schiff claimed that people could earn 10 times more with silver than with Bitcoin. He argued that Bitcoin is dead.

In response, Peter Brandt, a trader for about 50 years, stepped in. Brandt, who is also known for his pro-Bitcoin statements, told his followers in his statement that they should completely ignore tweets like Schiff’s.

In addition, he argued that Schiff was saying such “nonsense” to gain followers and attention. However, he said that Schiff “is not as stupid as what he says.” The analyst added that despite Schiff’s correct prediction about silver, which was one of his many predictions, his predictions have generally been wrong so far.

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