December 16, 2024. Continuing to diverge.
Waking up, Bitcoin has reached a new high again.
The last time Bitcoin's price diverged from the annual line by two times was on March 4, when the price was $70,000, and the annual line was $35,000.
Now Bitcoin's annual line is $65,000 (continuously rising).
The next price divergence from the annual line by two times will be at least $140,000 to $180,000. The higher the divergence, the bigger the bubble.
Outstanding investors always see further than ordinary investors.
The past bull market roadmap can only be referenced, not relied upon. It will reach the peak via different routes, never the same path.
History will only be similar, not identical.
In this bull market, there are three major non-echoes:
① In 2023, it does not echo the contours of 2019.
② In 2024, it does not echo the March 12 of 2020.
② In 2025, it does not echo the double-headed bull of 2021.
Most investors will only consider short-term results, while only a few excellent investors will consider price-performance ratios and safety margins.
Whenever you adhere to common sense, you will not go bankrupt.
