Bitcoin has sustained above 200 simple moving average which is at $45843 currently , for the fourth day successively which shows bull strength .
Currently bitcoin has risen for four weeks on a go with fifth week starting today .Bitcoin seems poised to cross $50000 with resistance at $51500
$52500 range , above which targets of $60000 come into play.
Dips are being bought with yesterdays dip which found support at $45500 .
On the weekly chart strong support seen at 20 dma at $43000 .