Veteran trader Peter Brandt suggested Bitcoin’s rebound may be shifting from a rounded recovery into a classical “horn” broadening pattern, as BTC returned to the low $70,000s. The observation comes as traders weigh whether the current structure favors an orderly continuation or widening volatility.
Brandt Flags Possible Shift in Bitcoin’s Recovery Structure
In a post on X, Brandt wrote, “The Banana is splitting. This is a Horn. Richard W. Schabacker wrote about this in his 1934 book,” alongside a daily chart of Bitcoin. The chart showed BTC rebounding from a sharp February washout into the low-$60,000s and climbing toward the low-$70,000s. Candle data on the image indicated a daily close at $72,813.62 and an intraday high of $73,210.95. At press time, BTC traded around $73,186.
Brandt drew two widening, curved boundaries around price action, outlining what he labeled a “horn.” While “banana” is not a standard term in technical analysis, his remark suggests the previously smooth, rounded recovery is opening into a broader, potentially more volatile formation.
Horn vs. Flag: Volatility or Orderly Pause?
In classical charting, a horn is a type of broadening pattern in which swings expand over time rather than compress. Brandt referenced Richard W. Schabacker, whose 1930s work underpins much of modern technical analysis, to frame the setup as traditional chart geometry.
However, Brandt did not present the pattern as settled. When a user replied, “Dude pick one. Horn or flag,” he answered, “Could be either. Sorry you cannot handle flexibility.” The exchange indicates he views the structure as evolving, with a conventional continuation flag and a widening horn both plausible depending on subsequent price action.
Chart Path Points to Low- to Mid-$80Ks If Upper Band Holds
Brandt did not annotate a measured move or explicit target. Based on the curved boundaries on his chart, the upper band rises from around the mid-$70,000 area in mid-March toward roughly $83,000–$88,000 by early April, while the lower band also trends higher. If Bitcoin continues to track the upper boundary, the next visible zone on the chart would be the low- to mid-$80,000s. A horn, though, would imply wider, less controlled swings than a textbook flag.
With the structure still developing, traders will be watching whether Bitcoin narrows into a flag-like consolidation or continues to broaden into a horn as volatility evolves.