Crypto analyst Merlijn The Trader has published a detailed analysis highlighting a rare monthly Moving Average Convergence Divergence (MACD) setup on Bitcoin's chart, which has historically preceded major bull runs. According to the analyst, Bitcoin is showing signs of repeating this pattern, signaling a potential bullish turnaround. He notes, however, that the cryptocurrency's bottom is not yet in, expecting another major price decline before an explosive rally to a new all-time high.
Merlijn The Trader's analysis points to a momentum reset phase that has occurred three times in Bitcoin's history—in 2015, 2019, and 2023—with each instance followed by a massive bull run. The analyst shared a chart divided by vertical green lines at these years, marking areas where bearish momentum peaked and began exhausting itself. The chart also highlights symmetrical triangle patterns in each cycle, where the price made lower highs while support held, eventually leading to a breakout.
In each past cycle, a breakout from this triangle pattern led to explosive upside moves. For example, during the 2023 cycle, Bitcoin declined below $20,000 while compressed within the triangle, but after breaking out, it skyrocketed above $100,000 in 2025. The monthly MACD played a key role, flipping into positive territory (turning "pink") before each bull rally. Merlijn The Trader confirms that the indicator has already flipped pink in the current cycle, suggesting it's only a matter of time before BTC reaches a final price floor. Once the bottoming phase is complete and Bitcoin breaks out of its current bearish triangle structure, the analyst projects a potential all-time high rally toward $209,596 by 2027, with a possible extended move reaching as high as $283,500.
In a separate analysis, another crypto expert observes a bullish 90-day pattern repeating on Bitcoin's chart. The expert notes that a similar pattern printed between August and November 2025, where BTC went through accumulation, manipulation, and distribution phases, culminating in a price of $126,000. The current setup suggests that an accumulation phase completed in February, a manipulation phase could drive the price down to around $52,000, and a subsequent distribution phase could propel Bitcoin to a new all-time high target of $145,000.
Bitcoin's price action has recently seen it break past the $76,000 resistance level, reclaiming the $78,000 range after weeks of sideways movement. This move has ended months of slow trading and sparked renewed debate among analysts. Bearish analysts warn of further resistance barriers and predict a potential liquidity grab up to $90,000 before a fall to cycle bottom prices around $40,000. Bullish analysts, however, remain optimistic, pointing to aligned indicators and the potential for a 5-year supercycle to drive BTC and altcoins to new record highs.
