A prominent trader says Bitcoin is testing the support of the 50-day moving average, and is bullish on it rising further from current levels.

Well-known trader Doctor Profit posted that Bitcoin previously bottomed out, rallied sharply after reclaiming its 50-day moving average, and had not retested this level since. It has now retested this support, and he believes the support will hold, with Bitcoin continuing to rise from its current level.

@tonmelonfest