比特币的市场周期长期以来一直着迷交易者，许多分析师在过去的牛和当前趋势之间进行了比较。

交易员Merlijn最近分享了一张图表，指出了比特币2017年和2025年市场结构之间的惊人相似之处，并指出它们的长度相同并遵循相同的模式。如果历史押韵，比特币可能处于爆炸性举动的边缘，可以重新定义金融景观。

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

比特币的市场周期长期以来一直着迷交易者，许多分析师在过去的牛和当前趋势之间进行了比较。

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，交易员梅尔利（Merlijn）分享了一张图表，强调了比特币2017年和2025年市场结构之间的惊人相似之处，并指出它们的长度相同并遵循相同的模式。如果历史押韵，比特币可能处于爆炸性举动的边缘，可以重新定义金融景观。

BITCOIN 2017 vs 2025 = IDENTICAL.

比特币2017 vs 2025 =相同。

Same length. Same structure.

相同的长度。相同的结构。

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

如果历史押韵，$ btc即将融化面孔。 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年的蓝图？

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，比特币从1,000美元上升到近20,000美元，其特征是抛物线进展，偶尔进行急剧校正和广泛的媒体关注。零售FOMO（担心错过），机构的兴趣不断增长以及对加密货币的越来越多的主流意识助长了集会。

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年的市场结构遵循清晰的周期：积累，超过关键阻力水平的突破，指数级别的飙升，然后是高峰，然后进行了深层校正。每个阶段都以巩固为标志，然后在下一个腿更高之前，为寻求历史模式的交易者提供了路线图。

2025: A Perfect Mirror Image?

2025：完美的镜像？

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:

几个关键指标支持这一论文：

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

市场结构一致性：2025年的合并阶段和突破模式与2017年的合并阶段和突破模式非常相似，这表明了潜在的历史性集会。

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.

减半效果：比特币的供应时间表在其价格周期中起着至关重要的作用。 2024年减少了矿工的奖励，历史上是价格升值的催化剂。如果2017年周期有任何迹象，可以在未来几个月内将比特币设置为指数级。

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.

机构流入：与2017年不同的是，零售投机推动了市场，2025年目睹了大量的机构采用。主要资产经理，公司和主权基金越来越多地将资本分配给比特币，从而增强了其作为数字黄金的作用。

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- 时间赛车（@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.

宏观经济状况：比特币的崛起与对通货膨胀，税收和中央银行政策的关注日益增加。这些因素为比特币创造了有利的背景，可以作为对冲传统金融不稳定的对冲。

Could Bitcoin ‘Melt Faces’ Once Again?

比特币可以再次融化面孔吗？

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.

“熔体面孔”一词通常用于加密圆圈中，以描述快速，意外的价格升值。如果比特币遵循其2017年轨迹，那么当前的周期可能会使BTC涌现超过其历史最高水平并进入价格发现，并有可能达到高达175,000美元或以上的目标。

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.

尽管没有历史模式可以保证未来的表现，但比特币的过去和现在价格行动之间的相似性为乐观的理由提供了强烈的理由。贸易商和投资者正在密切关注BTC是否会复制其2017年的举动，将怀疑论者再次变成信徒。

Final Thoughts

最后的想法

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.

比特币的周期性长期以来一直是辩论的主题，但是2017年至2025年之间的惊人相似之处很难忽略。随着看涨因素的融合，交易者的见解表明，比特币可能是另一个传奇的公牛奔跑的风口王。历史是否会重演还有待观察，但是如果这种模式成立，那么比特币旅程的下一个阶段就可以壮观。

: 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.

：该内容旨在告知，不应被视为财务建议。本文中表达的观点可能包括作者的个人意见，并且不代表小报的观点。在做出任何投资决策之前，敦促读者进行深入研究。读者采取的任何行动都严格符合他们自身的风险。时代小报对任何财务损失概不负责。

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