BTC/JPY - weekly Analytics + Altcoins 02.08.2021

BITFLYER:BTCJPY   Bitcoin / Japanese Yen
Bitcoin formed a rising impulse from June 20, 2021 - August 01 , 2021 and entered its correction phase, its amplitude and scope will be clear closer to its completion. So far one thing is clear - the higher is the volatility in this correction, the faster it will run, if the quotes are largely "sideways" (consolidate in a narrow price range), the longer it will last. Expectations for growth remain the same, the targets for local rising impulses can be set after the completion of most of the correction.

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