Bitcoin Enters Buy Zone... Next Target Projected at $400,000

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As Bitcoin trades sideways in the $75,000-$78,000 range, an analysis suggests this zone is a 'pre-explosion accumulation zone,' with a long-term target of $400,000.

According to crypto media outlet Bitcoinist on May 3 (local time), crypto analyst Kabuki analyzed that Bitcoin's recent narrow range movement is similar to the 'base formation phase' that has been repeated in past bull cycles. This is interpreted as a stage where strong buyers absorb supply, preparing for the next rally.

Indeed, Bitcoin surged to $69,000 in 2021 after several months of sideways trading since 2018, and similarly, after a similar sideways trend in 2022, it recorded a high of $126,100. The current 2026 period is also repeating the same structure, with the $75,000-$78,000 range acting as an accumulation zone absorbing supply.

Based on these cycles, Kabuki set Bitcoin's long-term target price at $400,000. Applying past growth rates, a rise of approximately 1,831.46% occurred after 2018, and approximately 651.63% after 2022. If a similar rise of approximately 775.12% is replicated in the current phase, Bitcoin could reach $400,000 by around 2029.

This outlook aligns with changes in market structure. Increased asset maturity, expanded institutional investment, ETF inflows including Ethereum spot ETFs, and improvements in the regulatory environment, such as the stablecoin regulation GENIUS Act, the U.S. crypto market structure bill, and the CLARITY Act, are cited as factors supporting the bullish thesis.

Currently, Bitcoin is trading around $78,379, up 0.43% over the past 7 days. According to CoinCodex analysis, market sentiment has shifted to neutral, and there is a possibility of it rising to $84,219 within the next 5 days.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*