BTC/JPY - weekly Analytics + Altcoins 29.03.2021

BITFLYER:BTCJPY   Bitcoin / Japanese Yen
At the current levels the disposition of the forces of buyers and sellers will form in Bitcoin . In case of formation of correction waves without direction, a deep downward movement is likely to develop. It is necessary to monitor the development of the situation for some time. At this stage, there are only indirect signs of a serious correction, it should be understood that the price is in a unidirectional trend from 13.03.2021 and the higher the quotes are growing, the higher the chances for a decline.

Due to the likelihood of a deep correction in bitcoin , it is necessary to minimize risk or lock in profits in the existing positions in altcoins.


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