According to the analyst, Bitcoin’s bull trap formation and recent relief rally are signs that history is repeating itself and the cryptocurrency is playing out as he anticipated. While he believes that the flagship cryptocurrency is set to dump to $40,000, he does not expect the crash to happen immediately.
For the projected timeline of this decline, Kabuki expects Bitcoin to first decline toward the $70,000 region within the next few days. From there, he sees a sharp price crash toward $40,000 playing out around June 2026.
Bitcoin Bull Trap Signals Bear Crash
