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The Experienced Chief Analyst Explained: "If this happens, there could be a very strong rise in Altcoins"
The Crypto analyst the Head of Crypto evaluated the future of Bitcoin in a new update provided to his followers today.
According to the analyst, if the price of Bitcoin stays above 93,000 dollars and the ETH/BTC ratio breaks the 0.0194 resistance and experiences an increase, it is claimed that altcoins could experience a very strong rise in the last stand.
At the time this article is being written, the Bitcoin price 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 announce its critical interest rate decision, and President Jerome Powell's statements will also 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 U.S. President Donald Trump is consistently calling for lower interest rates.
In addition, analyst Capo evaluated Solana in his statement yesterday. The analyst claimed that the new target for the SOL price is between 170 dollars and 200 dollars. Currently, SOL is trading at a level of 144 dollars.