According to crypto analyst Merlijn The Trader, Bitcoin is currently in the same market phase that historically precedes parabolic bull runs—similar to what occurred in 2012, 2016, and 2020.
Sharing four side-by-side charts of previous cycles, Merlijn argues that 2025 could mark the next explosive chapter in Bitcoin’s history.
“BITCOIN HOLDERS, YOU ARE HERE: The part in every cycle right before the mania,” he wrote, encouraging long-term holders not to be shaken out by short-term volatility.
The pattern highlighted shows each of BTC’s major market cycles bottoming, consolidating, then entering a steep upward trajectory. In 2013, 2017, and 2021, Bitcoin went on to make new all-time highs. According to Merlijn, 2025 is likely to follow the same structure.
Key Takeaways:
- Historical Similarity: Current structure mirrors the final consolidation phase before mania in past cycles.
- Mania Phase Not Yet Triggered: If history repeats, the largest price movements may still be ahead.
- Investor Sentiment: The post suggests that despite fear and volatility, long-term conviction may be rewarded.
Outlook
If Merlijn’s thesis holds, Bitcoin may be on the verge of entering its most explosive phase yet, potentially rewriting price history. The message is clear: zoom out, trust the cycle, and stay the course—because what comes next could be the parabolic climax of the current bull run.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoins-pre-mania-phase-may-be-here-2025-could-be-historic/