Analyst il Capo Predicts Strong Altcoin Rally If Bitcoin Surges

Cryptocurrency analyst il Capo offers insights on the future of Bitcoin and its potential impact on altcoin performance. He suggests that if Bitcoin prices stay above $93,000 and the ETH/BTC ratio surpasses the 0.0194 resistance level, a significant rally in altcoins could follow. Currently, Bitcoin is trading at $94,897 with strong support near $93,000, while the ETH/BTC ratio is currently hovering around 0.0187. 2023’s interest rate decision from the FED and potential comments from Chairman Powell will likely impact both Bitcoin and altcoin markets, as market consensus points to a steady policy stance.