After the stunning release by Tesla of their intent to buy 1.5B worth of Bitcoin, BTC surged well past highs to solidify new all time highs close to 50K! That's right. We are but a few thousand dollars from 50K! It is difficult to believe that just a few days ago, we were hovering, lackluster in the doldrums around 30K, with hopes of a dip to 28K to accumulate more. Now there are rumors that Apple will invest 55B in Bitcoin. Our first price targets are from Fibonacci extensions. We have predicted the price nearly to the dollar with them so they are quite reliable. Our most recent target 48.2K was met exactly during this most recent surge. The next level is 49.6K. Watch for the price to stabilize between 45.6K and 48.2K.
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