比特幣的市場週期長期以來一直著迷交易者，許多分析師在過去的牛和當前趨勢之間進行了比較。

交易員Merlijn最近分享了一張圖表，指出了比特幣2017年和2025年市場結構之間的驚人相似之處，並指出它們的長度相同並遵循相同的模式。如果歷史押韻，比特幣可能處於爆炸性舉動的邊緣，可以重新定義金融景觀。

Bitcoin’s market cycles have long fascinated traders, with many analysts drawing comparisons between past bull runs and current trends.

比特幣的市場週期長期以來一直著迷交易者，許多分析師在過去的牛和當前趨勢之間進行了比較。

Recently, Merlijn The Trader shared a chart highlighting striking similarities between Bitcoin’s 2017 and 2025 market structures, noting that they have the same length and follow identical patterns. If history rhymes, Bitcoin may be on the brink of an explosive move that could redefine the financial landscape.

最近，交易員梅爾利（Merlijn）分享了一張圖表，強調了比特幣2017年和2025年市場結構之間的驚人相似之處，並指出它們的長度相同並遵循相同的模式。如果歷史押韻，比特幣可能處於爆炸性舉動的邊緣，可以重新定義金融景觀。

BITCOIN 2017 vs 2025 = IDENTICAL.

比特幣2017 vs 2025 =相同。

Same length. Same structure.

相同的長度。相同的結構。

If history rhymes, $BTC is about to melt faces. pic.twitter.com/wW06RS0szT

如果歷史押韻，$ btc即將融化面孔。 pic.twitter.com/ww06rs0szt

— Merlijn The Trader (@MerlijnTrader) April 2, 2025

-2025年4月2日

The 2017 Bull Run: A Blueprint for 2025?

2017年公牛奔跑：2025年的藍圖？

In 2017, Bitcoin’s meteoric rise from $1,000 to nearly $20,000 was characterized by parabolic advances, occasional sharp corrections, and widespread media attention. The rally was fueled by retail FOMO (fear of missing out), growing institutional interest, and the increasing mainstream awareness of cryptocurrencies.

2017年，比特幣從1,000美元上升到近20,000美元，其特徵是拋物線進展，偶爾進行急劇校正和廣泛的媒體關注。零售FOMO（擔心錯過），機構的興趣不斷增長以及對加密貨幣的越來越多的主流意識助長了集會。

The market structure of 2017 followed a clear cycle: accumulation, a breakout above key resistance levels, exponential price surges, and then a peak followed by a deep correction. Each phase was marked by consolidation before the next leg higher, providing a roadmap for traders looking for historical patterns.

2017年的市場結構遵循清晰的周期：積累，超過關鍵阻力水平的突破，指數級別的飆升，然後是高峰，然後進行了深層校正。每個階段都以鞏固為標誌，然後在下一個腿更高之前，為尋求歷史模式的交易者提供了路線圖。

2025: A Perfect Mirror Image?

2025：完美的鏡像？

According to Merlijn The Trader, Bitcoin’s 2025 price trajectory is closely mirroring that of 2017. The length of the cycle and the overall structure appear to be identical, with Bitcoin currently positioned in the same phase as it was before its explosive move in 2017. This striking resemblance suggests that the market may be primed for another massive breakout, potentially sending Bitcoin into six-figure territory.

According to Merlijn The Trader, Bitcoin's 2025 price trajectory is closely mirroring that of 2017. The length of the cycle and the overall structure appear to be identical, with Bitcoin currently positioned in the same phase as it was before its explosive move in 2017. This striking resemblance suggests that the market may be primed for another massive breakout, potentially sending Bitcoin into six-figure territory.

Several key indicators support this thesis:

幾個關鍵指標支持這一論文：

Market Structure Alignment: The consolidation phases and breakout patterns of 2025 closely resemble those of 2017, signaling a potential rally of historic proportions.

市場結構一致性：2025年的合併階段和突破模式與2017年的合併階段和突破模式非常相似，這表明了潛在的歷史性集會。

Halving Effect: Bitcoin’s supply schedule plays a crucial role in its price cycles. The 2024 halving reduced miner rewards, historically acting as a catalyst for price appreciation. If the 2017 cycle is any indication, Bitcoin could be set for an exponential run over the next few months.

減半效果：比特幣的供應時間表在其價格週期中起著至關重要的作用。 2024年減少了礦工的獎勵，歷史上是價格升值的催化劑。如果2017年周期有任何跡象，可以在未來幾個月內將比特幣設置為指數級。

Institutional Inflows: Unlike 2017, where retail speculation drove the market, 2025 is witnessing significant institutional adoption. Major asset managers, corporations, and sovereign funds are increasingly allocating capital to Bitcoin, reinforcing its role as digital gold.

機構流入：與2017年不同的是，零售投機推動了市場，2025年目睹了大量的機構採用。主要資產經理，公司和主權基金越來越多地將資本分配給比特幣，從而增強了其作為數字黃金的作用。

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— TimesTabloid (@TimesTabloid1) July 15, 2023

- 時間賽車（@timestabloid1）2023年7月15日

Macroeconomic Conditions: Bitcoin’s rise has coincided with growing concerns over inflation, de-dollarization, and central bank policies. These factors create a favorable backdrop for Bitcoin to act as a hedge against traditional financial instability.

宏觀經濟狀況：比特幣的崛起與對通貨膨脹，稅收和中央銀行政策的關注日益增加。這些因素為比特幣創造了有利的背景，可以作為對沖傳統金融不穩定的對沖。

Could Bitcoin ‘Melt Faces’ Once Again?

比特幣可以再次融化面孔嗎？

The phrase “melt faces” is often used in crypto circles to describe rapid, unexpected price appreciation. If Bitcoin follows its 2017 trajectory, the current cycle could see BTC surge past its all-time high and enter price discovery, potentially reaching targets as high as $175,000 or beyond.

“熔體面孔”一詞通常用於加密圓圈中，以描述快速，意外的價格升值。如果比特幣遵循其2017年軌跡，那麼當前的周期可能會使BTC湧現超過其歷史最高水平並進入價格發現，並有可能達到高達175,000美元或以上的目標。

While no historical pattern is a guarantee of future performance, the similarities between Bitcoin’s past and present price action provide strong reasons for optimism. Traders and investors are closely watching whether BTC will replicate its 2017 move, turning skeptics into believers once again.

儘管沒有歷史模式可以保證未來的表現，但比特幣的過去和現在價格行動之間的相似性為樂觀的理由提供了強烈的理由。貿易商和投資者正在密切關注BTC是否會復制其2017年的舉動，將懷疑論者再次變成信徒。

Final Thoughts

最後的想法

Bitcoin’s cyclical nature has long been a subject of debate, but the striking resemblance between 2017 and 2025 is hard to ignore. With a confluence of bullish factors aligning, Merlijn The Trader’s insights suggest that Bitcoin could be on the cusp of another legendary bull run. Whether history will repeat itself remains to be seen, but if the pattern holds, the next phase of Bitcoin’s journey could be nothing short of spectacular.

比特幣的周期性長期以來一直是辯論的主題，但是2017年至2025年之間的驚人相似之處很難忽略。隨著看漲因素的融合，交易者的見解表明，比特幣可能是另一個傳奇的公牛奔跑的風口王。歷史是否會重演還有待觀察，但是如果這種模式成立，那麼比特幣旅程的下一個階段就可以壯觀。

: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

：該內容旨在告知，不應被視為財務建議。本文中表達的觀點可能包括作者的個人意見，並且不代表小報的觀點。在做出任何投資決策之前，敦促讀者進行深入研究。讀者採取的任何行動都嚴格符合他們自身的風險。時代小報對任何財務損失概不負責。

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