Hi Friends,
With the big news of Tesla putting $1.5 Billion of their reserves into Bitcoin, as well as announcing they will accept Bitcoin payment soon, we saw a nice bump today:
This is certainly a positive for Bitcoin as continued adoption by the business and investment community bodes well for more money to continue to come in. I am not sure what the "fair value" of Bitcoin truly is, but it is going higher if the charts are of any value.
Musk's continued DOGE tweets have also proved beneficial - I sold out at $0.05 after holding for years, which appears to have been a bad move as it is already at $0.07 - oh well.
Will there be a lot of resistance at $50k BTC? My guess is that once $50k is breached, $60k and $70k will come pretty fast until resistance at $75k. I wouldn't trust my trade timing though - just look no further than Dogecoin.
Thanks for coming by,
Brian
