BTC/JPY - weekly Analytics + Altcoins 31.01.2022
Investor sentiment is at pessimistic levels, which indicates either market lows or a near-term reversal of quotes. At the moment we consider two scenarios of the situation development:
1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of 4900000.
2. renewal of the minimums around 3000000 and impulse return above 3220000, which will be the confirmation of the trend change to the bullish level.
In our opinion, the renewal of the growing trend is coming, the only question is to determine the minimums of the correction that began in April 2021.
1. an impulse ascent of the quotes from the current levels, the confirmation will be the growth above the level of 4900000.
2. renewal of the minimums around 3000000 and impulse return above 3220000, which will be the confirmation of the trend change to the bullish level.
In our opinion, the renewal of the growing trend is coming, the only question is to determine the minimums of the correction that began in April 2021.