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Micro View of Current BTC Conditions

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BITSTAMP:BTCUSD   比特幣
Here is a more micro TA of what is currently happening with BTC. We can see that the 50 Day MA has been a strong support for the past months. The previous touch on the 50MA sent BTC to new ATH’s. I am suspecting the most recent touch on March 25 may repeat and have a higher probability to send BTC to new ATH’s. Each time it has touched the 50 MA we have formed a hidden bullish divergence (Blue Line) to further support a bullish probability.

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