BTC/JPY - weekly Analytics + Altcoins 03.08.2020

The Bitcoin is continuing its growing as it was expected. The investors' sentiment is close to the most positive levels that indicates a close local stop. The correction will develop during some more time and this is confirmed by an impulse decline from the level of 1280000. After the final formation of this correction the growth will continue.


Altcoins: (Considered coins are LTC, ETH, EOS, XRP, ETC, NEO, XMR, OMG, DASH, SAN, IOT)
As the Bitcoin quotations grow up, the other coins will move in the same direction. The correlation levels in pairs altcoin&bitcoin will differ, but the main potential for growth is still present in the Ethereum to fiat money as well as to the Bitcoin.