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 $5B 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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