Two prominent crypto analysts are warning that Bitcoin could lose half its value in the coming weeks. Kabuki, who called the top above $126,000 last October and the $15,000 bottom in November 2022, now predicts a decline to around $40,000 by June. Fellow analyst Chiefy says Bitcoin is stuck in its longest and final bull trap and could dump to $51,000 over 12 days starting May 17.
Kabuki's roadmap
Kabuki laid out a detailed bearish path from the current level of roughly $79,000. First, a move down to $70,000 within a few days. Then a drop to $61,000, followed by a slide to $47,000. Kabuki expects a temporary bounce to $55,000—but that's the trap. After that, a final crash to $41,000 around June 2026. The recent rebound above $82,000? Kabuki calls it a bull trap in a broader bearish structure.
Chiefy's 12-day countdown
Chiefy is even more urgent. He posted a price chart highlighting past bull traps where Bitcoin rallied hard then sharply reversed. His call: a 12-day dump starting May 17 that takes Bitcoin to $51,000. That's a 35% drop from here. Chiefy describes the current cycle as the longest and final bull trap—meaning any upside is fake, and the real move is down.
The pattern they see
Both analysts agree on one thing: the move above $82,000 was not a breakout. It was a suckers' rally. Kabuki's track record gives his forecast extra weight—he nailed the 2025 top and the 2022 bottom. Chiefy backed his warning with hard data from past patterns. If either is right, Bitcoin has a rough month ahead. The immediate test: does it break below $70,000 in the next few days? That would confirm the bearish path.
