BTC/JPY - weekly Analytics + Altcoins 14.03.2022

14 мар. 2022 г.

Bitcoin continues to stay in a local consolidation, we believe that there are chances for growth in quotes, but for this purpose it is necessary for the price to move to the key resistance in the area of 5125700. If this level is reached, the probability of a small local pullback will grow and chances for further rise will also grow and this will give an entry point for buying with a controlled risk level. The investor sentiment is at pessimistic levels for quite a long time period, this also increases the chances for growth. Further it is necessary to monitor the situation in the development.

Altcoins:
Among altcoins, we single out ETHEREUM and TRX as the most promising projects, which can grow by times.