BTC/JPY - weekly Analytics + Altcoins 05.07.2021

BITFLYER:BTCJPY   Bitcoin / Japanese Yen
Bitcoin continues to stay in consolidation between the levels of 3.688.212 - 4.347.782, a breakout of the upper boundary will significantly increase the chances of long-term growth of the instrument. Whereas, an impulse decrease under the level of 3.688.212 will increase the chances of a decline to the area of 2318476. Investor sentiment remains pessimistic, the next strong moves and exit from consolidation will determine future developments.

We highlight TRON and HIVE as the most promising coins to develop a sustainable rising trend.