#C, 236 bytes
C, 236 bytes
char t[95][95],i=95;f(x,y,s,n,m){if(t[y][x]<33){m=~s+(1<<s);for(n=~m;n++<m;)t[y][x+n]='-',t[y+n][x]=n==0?'+':'|';if(s--)f(x+n,y,s),f(x-n,y,s),f(x,y+n,s),f(x,y-n,s);}}main(){memset(t,32,9025);f(47,47,5);while(i--)printf("%.95s\n",t[i]);}
Just building the character table recursively before displaying it.
Thanks @Neil for making me realize that the length of the branches follow an actual rule.