BTC/JPY - weekly Analytics + Altcoins 16.08.2021

BITFLYER:BTCJPY   Bitcoin / Japanese Yen
Bitcoin continues to be in a growing trend formed back on 20.07.2021, at the moment we are tracking when correction (movement against the main trend, but not changing its main direction) may start, while there are no signs of its emergence and we observe only local pullbacks. The sentiment of the investors is also on the optimistic levels, which indirectly may indicate either the middle of the current movement or a possible correction, so it is worth to monitor the situation carefully.

We single out TRON and HIVE as the most promising coins for the development of a stable growing trend. (the idea is confirmed by local growth impulses)