A top crypto analyst on X, known as Merlijn The Trader, has just released a fun and insightful “Bitcoin Bull Run Cheat Sheet”—a simple visual guide that breaks down Bitcoin’s historic market phases into three neat color bands: 🟥 red (bear), 🟧 orange (accumulation), and 🟩 green (bull) .
Here’s the gist:
Cycle 1 (2013–2017):
Bear phase: post‑$1,000 top → crash
Accumulation: ~$80–$500 sideways
Bull phase: early 2017 → near $20,000 peak (~1,500 days)
Cycle 2 (2017–2021):
Bear phase: post‑$20K top → dropped to ~$3,000
Accumulation: until 2020
Bull phase: late 2020 → $69,000 high (~1,400 days)
Cycle 3 (2021–?):
Bear phase: November 2021 top → ~ $15,000 low in 2022
Accumulation: through 2024–2025
Current status: the cheat sheet suggests we just entered a new bull phase, poised for possibly the biggest run yet toward $250K–$300K within ~1,300 days from late 2021 .
Innocent take:
This cheat sheet isn’t financial advice—it’s a playful, chart-based reflection of Bitcoin’s repeating patterns. But if history rhymes, we may well be at the exciting start of a new, long-haul adventure in crypto!
Why it’s cute & clever:
1. Super visual and simple—great for newcomers 🍭
2. Shows how past rhythms might repeat
3. Ends on an optimistic, forward‐looking note
This makes for a sweet shareable post or a breezy newsletter snippet. Happy to help refine it further if needed!