Bitcoin sideways?...Experts "Now is the preparation stage for a $400,000 rally"

▲ Bitcoin (BTC)/AI-generated image

As Bitcoin (BTC) continues to trade sideways in a narrow price range, interpretations within the market suggest it is an 'accumulation phase before an explosion,' with a simultaneous projection of up to $400,000.

According to crypto media outlet Benzinga on May 3 (local time), Bitcoin has been showing a sideways trend within a box range for some time, failing to reveal its direction. However, some analysts diagnosed this period not as a simple stagnation but as a structure identical to the accumulation phase repeatedly seen just before past bull runs.

Crypto analyst Kabuki stated on X (formerly Twitter) on May 2 that “the current trend is not a coincidence but the same pattern as in the past,” adding that “both 2017 and 2021 saw parabolic rises after long periods of sideways movement.” He further emphasized that “the same structure is underway for 2026 as well.”

In past instances, Bitcoin also went through an accumulation phase, forming a box range for several months just before a surge. After a sideways period following 2018, it surged to $69,000 in 2021, and similar patterns have been repeated in subsequent cycles. The current price range is also interpreted as an accumulation phase where supply is being absorbed, and an analysis suggests that a structure has formed where market participants continuously engage in buying at a certain price.

Based on this cycle structure, Kabuki presented a long-term target price of $400,000. The logic is that if calculated based on past surge magnitudes, an approximate 775% increase is possible from the current range. This scenario, it is explained, could materialize if factors such as increased market maturity, institutional capital inflow, and improved regulatory environment act simultaneously.

While the current market outwardly appears to be a stagnant phase without direction, internally it is assessed as a period of structural accumulation preparing for the next bull run.

*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.*