Cryptocurrency analyst il Capo of Crypto assessed the future of Bitcoin in a new update he provided to his followers today.
According to the analyst, if the Bitcoin price stays above $93,000 and the ETH/BTC ratio breaks the 0.0194 resistance and experiences a rise, altcoins could experience a very strong rally in the last leg.
At the time of writing, Bitcoin is trading at $94,897 and has not fallen below $93,000 since the end of April. On the other hand, the ETH/BTC ratio is currently at 0.0187.
Tomorrow, the FED will release its critical interest rate decision, and what Chairman Jerome Powell will say will be closely monitored. The price of Bitcoin and altcoins may also be affected by tomorrow's developments. The market currently expects interest rates to remain unchanged, but US President Donald Trump has been constantly calling for interest rates to be lowered.
In addition, analyst il Capo also evaluated Solana in his statement yesterday. The analyst claimed that the new target for SOL is between $170 and $200. Currently, SOL is trading at $144.
*This is not investment advice.
