Bro, it's a non replenishable asset with hard scarcity attached to a bonfire of real world supply.
A kid with a crayon can draw that same diagonal 😂
I love the pricing models, I can't help it. Here are the three models that are still valid and have not been imbalanced.
First the LGC model by Dave the Wave, although the author failed on the late 2018 3000 bottom and there created his model, since then it has not been invalidated predicting bottoms and tops very well.
Second the Power Law Corridor model of HCBurguer, which comes to say the same as the LGC model of dave the wave but better formulated mathematically, this model was created in early 2019 and from my point of view is the most accurate.
Finally the BARM model (Bitcoin Autocorrelated Exchange Rate Model) by @chipernom (The author keeps changing his name on social networks, it is difficult for me to follow him). From a statistical point of view it is the best model, from a price point of view, it is very crazy.
I leave you also the two articles corresponding to the LGC model and Power Law Corridor, unfortunately the author of BARM has deleted all his articles and they are not even in internet archive.
https://davethewave.substack.com/p/btc-the-lgc-model-and-support
Discussion
What a child can draw with a straight line is your encephalogram.
Learn to respect your elders, asshole.
Whoa, ez cowboy, don't get your lines all curved up, that's not polite.
Trying tell you not to waste your time with models and indicators for this particular diagonal as it's pointless.
U ok?