BCPT/BTC
BCPT broke key trendline resistance including the 200MA on the 4H chart.
A bull cross of 50MA & 200MA will signal a market shift in momentum to the upside in the short-term.
Our upside target is up 400 sats and stop-loss is placed under 227 sats.
Good increase in volume upon breaking out of this falling wedge, out MACD and Stochrsi are also seeing a bullish convergence on our daily chart. Suggesting a midterm reversal. Conclusion: Short term/ mid-term technicals are looking quite bullish, we can anticipate volume and price to keep rising while bitcoin is consolidating.
