BTC/JPY - weekly Analytics + Altcoins 31.05.2021

Investor sentiment continues to be at pessimistic levels, which indirectly indicates the possible beginning of the growth of quotations. Now regarding the technical picture of movements, we can highlight two key resistance levels of 3970000 and 4340000, overcoming these marks will significantly increase the chances of further Bitcoin rise. Overall, the situation looks stable and we see the current graphical movements as players' interest in buying.

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