I just noticed that Peter Brandt, a well-known technical analyst, posted a Bitcoin chart in March when the price first broke above $70,000. What’s interesting is that he spotted a “big banana” pattern on the long-term weekly chart ( from 2014-2027), which clearly shows an upward arrow.

And on the daily chart, there’s a similar pattern—a “small banana”—that formed near the $69,000 level. The upward arrow indicates a higher target. Personally, I think this is a fairly positive signal. What’s more, Bitcoin’s current price is already $77,810, which is higher than that earlier forecast.

It’s interesting that Brandt, who previously predicted a Bitcoin downturn in 2018, can now see an upward-arrow pattern like this. That makes it pretty clear that this short-term positive pattern could be a sign that traders should pay attention to.