BTC/JPY - weekly Analytics + Altcoins 18.07.2022

At the moment, the price consolidation is fully formed by the current impulse breakdown, the false breakdowns at its lower boundary indicates that the big players were actively buying bitcoin at an average price of 2780000, this indirectly indicates an incipient long-term rising trend, an excellent confirmation of this idea will be the price climbing to the area of 3450000.

Altcoins

Tron is approaching its upper diagonal resistance boundary, its breakdown will confirm our expectation of further long-term growth.