Cryptocurrency analyst il Capo of Crypto shared an assessment of the current situation after the Bitcoin price broke records one after another and surpassed the $107,000 level.
The analyst stated in his post that he expects the rally in Bitcoin to slow down. However, he added that interesting bullish movements were observed in some altcoins. The analyst especially called for attention to artificial intelligence-themed altcoins.
il Capo believes the current uptrends are the last pumps and that they will continue until Wednesday's FOMC meeting.
After the FOMC meeting, the FED will announce its interest rate decision, and immediately after half an hour, FED Chairman Jerome Powell will make a press statement. While it is believed that the interest rate decision will most likely be a 25 basis point decrease, the main agenda item will be the FED Chairman's speech after the decision is announced.
In addition, the analyst also talked about some personal developments. Il Capo, who has not shared on X (Twitter) for a while, announced that he will return to this platform soon and share detailed posts.
*This is not investment advice.
