Cryptocurrency expert il Capo of Crypto, who is known for being pessimistic about the market, spoke about Bitcoin’s signs of getting better in his statement.
The analyst said they think the price of Bitcoin will go up to $44,000 to $45,000 soon and could reach $50,000 in the next few days.
But, talking about the FED’s decision on interest rates, which is the most important thing happening today, il Capo said that he thinks they will change the policy next March.
The expert also said that he thinks BTC will go up to $50,000 because of some new developments. Il Capo says the next rally will come from Harvest Hong Kong, a big company in China that wants to start a Bitcoin investment fund.
The boss said that the ETF might be approved after February 10, the Chinese New Year, which could make the price of BTC go up. The analyst believes that this event will be like when people buy stocks based on rumors and then sell them once the news is confirmed. It’s similar to what happened when the US approved spot ETFs.
Warning: This is not advice about how to invest money.