Gather ’round, dear reader, for a tale of cryptographic capers and financial follies! Our hero of the hour, one Merlijn The Trader, has donned his analytical cloak and unveiled a chart so intricate that it might make a spider weep with envy. It concerns Bitcoin, that elusive digital currency that has been known to rise and fall with all the grace of a drunken kangaroo on a pogo stick.
The Bitcoin Historical Cycle: More Twists Than a Pretzel Factory
In a recent proclamation (we call it an “X post” because calling it a tweet would be far too pedestrian), Merlijn implores us to keep our squinty eyes fixated on Bitcoin’s monthly MACD-an acronym that sounds suspiciously like a fast-food chain but is, in fact, a Moving Average Convergence Divergence setup. This rare beast of a setup has previously signaled the onset of major bull runs, like a good alarm clock that goes off right before the important meeting you forgot about.
Now, don’t get too excited! Just because this MACD has strutted onto the scene doesn’t mean we’re in for an instant gold rush. No, my friends, this could be more of a slow-burn affair, the kind that starts with a flicker and ends in a roaring bonfire, provided you don’t douse it with cold water first.
According to our sage, Bitcoin is currently enjoying a “momentum reset phase”-a fancy way of saying it’s taking a breather before the next big leap. This phenomenon, as it turns out, has happened thrice before, each time with the charm of a magician pulling rabbits from hats. The analyst has kindly marked our historical chart with four vertical green lines-2015, 2019, 2023, and 2026-each representing a moment when bearish momentum peaked, only to be exhausted like a marathon runner who forgot to stretch.
He’s also drawn some rather charming triangle formations on the chart, which may or may not have been inspired by ancient geometry lessons. These triangles indicate that while prices are making lower highs (because they clearly enjoy a good challenge), support has remained steadfast, leading to breakout moments that send Bitcoin soaring into the stratosphere like a caffeine-fueled rocket.
Take the 2023 cycle, for instance. Bitcoin dipped below $20,000, playing hard to get within its triangular embrace. But lo and behold! After a breakout, it shot past $100,000 in 2025, proving once again that patience-or perhaps just blind luck-can lead to riches. Similar patterns surfaced in 2015 and 2019, where breakouts transformed into bullish escapades.
The monthly MACD is the unsung hero in this saga, flipping from deep red to a delicate shade of pink before each bull rally. Think of it as the moment when the lights dim and the music swells before the star takes the stage. Merlijn has pointed out that this single transition was a harbinger of the Bitcoin bull run, akin to a cat sensing the presence of a particularly delicious mouse.
BTC‘s Current MACD: The Crystal Ball of Cryptocurrency
As for the present day, Merlijn suggests that Bitcoin is still flirting with the idea of a true market bottom. If you look closely (preferably with a magnifying glass and some dramatic music), you’ll see that its price action is echoing the ghostly echoes of 2015, 2019, and 2023. Our beloved cryptocurrency has constructed a long-term triangle pattern, where prices have been compressing and trending lower for what feels like an eternity-like waiting for your toast to pop up.
Historically, Bitcoin tends to form a complete bottom after the monthly MACD flips to pink. And guess what? It’s already flipped! This suggests it’s only a matter of time before BTC finds its final price floor-like a toddler finally realizing that the floor is indeed lava.
Once this bottoming phase concludes, Merlijn envisions BTC embarking on its much-anticipated bull run. But hold your horses! This likely won’t happen until it breaks free from its bearish triangle prison. If such a glorious scenario unfolds, his chart hints at a potential all-time high rally reaching a staggering $209,596 by 2027, with an extended move possibly soaring to dizzying heights of $283,500. Now that’s what we call a bullish forecast!
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2026-04-22 00:27