Take-Off: Tesla Sends BTC Skyrocketing
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Into uncharted territories: BTC started a strong surge against its previous record high after news of Tesla’s venture into the cryptocurrency space. After a minor consolidation at $44,500, the strong bullish pattern continued, climbing further above the $45k and $46k levels. BTC hit its new all-time high near $48,300 and is now trading well above its 10-hour moving average. On the upside, a break above the $48,300 zone could harbinger more opportunities for gains. With less room for resistance, the once-lofty target of $50k seems within reach.