Strong support at 58k-59k on 4H

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yellow line is support drawn from BTC's uptrend which began in earnest on Dec 11. S/D lines are cloned, with current strong support between 58k-59k.

Note the immediate bounce off the 50 SMA /50 EMA cross at 1600 hrs EST on Apr 10. Both MA's are also offering strong support and corroborate the trendline support in the same 58k-59k range.