BTC/JPY - weekly Analytics + Altcoins 05.07.2021

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.

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