AI Summary
Show More
Quickly grasp the article's content and gauge market sentiment in just 30 seconds!
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.