BTC/JPY - weekly Analytics + Altcoins 04.05.2022

In bitcoin , as well as in the crypto market as a whole the uncertainty of further movements remains, the downtrend still persists. Before talking about the potential strengthening, it is necessary to see overcoming the key level of 5202599, further consolidation and growing momentum would increase the likelihood of an ascent. Market player sentiment is at pessimistic levels, this indirectly suggests potential lows, but confirmation of this idea needs to be monitored on the facts.

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.