BTC/JPY - weekly Analytics + Altcoins 09.08.2021

by David

In our opinion, bitcoin has been in the rising trend since the false breakout of 20.07.2021. The local correction from 01 .08.2021 to 05 .08.2021 finished with the impulse growth, which indicates the future rise of the quotes. Globally, the next target lies in the area of 5.130.000, after its overcoming the road to conquer the mark of 6.710.000 will open.

We consider TRON and HIVE as the most perspective coins for development of a steady growing trend. (the idea is confirmed by local growth impulses)