After its April rally, Bitcoin settled in a tight range between $75,000 and $78,000. According to crypto analyst Kabuki, this move could represent a familiar phase seen in previous market cycles that preceded explosive gains.
Basic training signals a familiar cycle pattern
In a May 2 This phase, often considered indecisive, served as a basic training area where strong hands accumulated positions before the next stage.
🚨 Bitcoin stuck between $75,000 and $78,000 for a reason
It’s not random. It’s Bitcoin history repeating itself.
If you know the past, you know the future:
2017: Base formed → Parabolic expansion
2021: Base formed → Parabolic expansion
2026: The same structure is playing out NOWThis… pic.twitter.com/YGSm0rbEVU
– Kabuki🔴 (@kabukistory) May 2, 2026
In 2018, Bitcoin consolidated for months before embarking on a parabolic run that culminated with its all-time high at $69,000 in 2021. A similar structure emerged in 2022, where a range-limited phase preceded the surge to new highs around $126,100. Fast forward to 2026, and the same pattern appears to be unfolding.
Bitcoin’s current range of $75,000 to $78,000 appears to be an accumulation phase, where market participants absorb supply at relatively stable prices. However, what appears to be stagnation could actually be preparations for higher prices.
Bitcoin goal: $400,000
Building on this cyclical framework, Kabuki projects a long-term target of $400,000 for Bitcoin. While this figure may seem aggressive at first glance, it is based on the magnitude of previous expansions following similar basic formations.
In 2018, Bitcoin broke out of its accumulation range, producing a 1,831.46% price increase that peaked at $69,000 in 2021. After leaving the buy zone in 2022, the price acceleration was also exponential, resulting in a 651.63% gain that set the current all-time high. If the current range near $75,000 to $78,000 serves as a basis, Kabuki projects an additional gain of 775.12%, which should result in a valuation of $400,000 by 2029.
This projection is strongly supported by broader market perspectives, including asset maturity, institutional participation reflected in ETF flows, and broader adoption, likely driven by regulations such as the GENIUS Act and the highly anticipated CLARITY Act.
At the time of writing, Bitcoin is trading at $78,379, reflecting a 0.43% gain over the past seven days. According to CoinCodex analysts, overall market sentiment has turned bullish, with the Fear & Greed Index moving into the neutral zone. These analysts expect Bitcoin to maintain its current rally, with price predictions of $84,219 over the next five days.
Featured image from Unsplash, chart from Tradingview
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