BTC/JPY – weekly Analytics + Altcoins 16.05.2022
Bitcoin / Yen BITFLYER:BTCJPY
From May 12-13, 2022 there is a potential upside movement in Bitcoin , this structure may be a false breakdown and development of a future uptrend. The key resistance at the moment is the level of 4,000,000, its overcoming will open the way to the further growth of quotations and confirm the trend reversal. May 14 formed the extreme value of pessimism of crypto investors, which also confirms the end of the downtrend.
Altcoins:
TRX in our view still looks attractive for buying, yes there is a possibility of local decline, but it should not affect the global rising trend. Additional confirmation of growth in the coin is the current momentum.
