Cryptocurrency analyst Merlijn The Trader has published a detailed analysis of Bitcoin’s chart, noting a rare monthly Moving Average Convergence Convergence (MACD) setup that preceded… Major revolutions in BTC history. According to the analyst, Bitcoin is showing signs of repeating the same MACD indicator, indicating a potential bullish shift in the future. He pointed this out The bottom of the cryptocurrency has not been reached yetanticipating another significant drop in prices before exploding to a new all-time high.
Bitcoin’s historical cycle patterns indicate an ongoing reset phase
In Post X, Merlin The Trader urge Investors and traders should pay close attention to Bitcoin monthly MACD indicatorwhich is currently shown on its price chart. Despite previous appearances of a parabolic rally, the analyst believes that this MACD may not lead to an immediate rally but could shift momentum, gradually leading to a sustained price rally.
According to Merlijn The Trader, Bitcoin is going through a momentum reset phase that has occurred three times in its history, with each previous instance followed by a massive bull run. The analyst shared a graph, divided by four vertical green lines in 2015, 2019, 2023 and 2026. Each of these lines represents areas where downward momentum has peaked and begun to exhaust itself.
In addition, the analyst marked several triangle formations in each session, where the price made lower highs while support held, leading to a breakout. In every previous session highlighted on the chart, there has been a breakout of this Symmetrical triangle pattern This led to an explosive rally that sent the price of Bitcoin to new highs.
For example, during the 2023 cycle, Bitcoin fell below $20,000 as its price remained compressed within a triangle pattern. However, after the breakout, it rose to above $100,000 in 2025, confirming the continuous and gradual rise. The same trend was seen during the 2015 and 2019 sessions, with the triangle breakout being identified Bitcoin bullish movement.
The monthly MACD plays a major role in this historical pattern, as the indicator has flipped into positive territory before each bullish surge. At that time, Bitcoin’s MACD indicator went from deep red to the light pink area halfway through the price bottom. Merlijn The Trader noted that this single change was a major signal that a change was occurring Bitcoin’s next rise.
BTC current MACD and ATH forecast
For this current cycle, Merlijn The Trader says that Bitcoin has not yet reached its peak The real market bottom. He noted that price action closely reflects patterns from 2015, 2019 and 2023. The cryptocurrency has already developed a similar long-term triangle pattern on its chart, where the price has been pressing and heading lower for several months.
Based on historical behavior, Bitcoin usually forms a full bottom after the monthly MACD turns pink. Merlijn The Trader confirmed that the indicator has already turned pink, indicating that it is only a matter of time before BTC reaches the final minimum price.
Once this bottom phase is complete, the analyst believes that BTC could begin its highly anticipated bull run. However, he stresses that this move will likely only begin after the cryptocurrency breaks out of the bearish triangle structure. If this scenario occurs, the projection of his histogram indicates a Possible all-time high About $209,596 by 2027, with a potential extended move of up to $283,500.
Featured image of Pngtree, chart from Tradingview.com
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