I just saw an interesting chart analysis from Peter Brandt, the well-known technical analyst who correctly predicted the 2018 Bitcoin crash. This year, what he's showing in his latest post is highly relevant to the current market setup.

So basically, his analysis highlights two major patterns in Bitcoin. First, the "Big Banana" — a long-term weekly channel that spans from 2014 to 2027, and he sees Bitcoin on a large upward trajectory. The momentum here seems consistent.

Then there's the "Small Banana," a smaller version of this pattern, formed around lower levels on the daily timeframe. The combination of these two patterns indicates, according to Brandt, a clear upside target.

It's also interesting timing — almost half an hour before Bitcoin broke $70K level, he posted this chart. It seems he anticipated the move. Currently, Bitcoin has risen even higher, around $78K based on the latest data.

The key insight here is that the chart analysis shows there is still structural support for continued upside. This isn't just a random pump — there's a technical foundation based on long-term patterns. It's worth monitoring how the next phase of this rally develops. Definitely worth checking out this setup on Gate to see the real-time action.