The bearish-minded cryptocurrency analyst, renowned as the il Capo Of Crypto, discussed the recovering nature of Bitcoin in his recent remarks. Having previously predicted an ascent in Bitcoin's value followed by a decline, he anticipates a range of $44,000 to $45,000 in the upcoming phase, expressing confidence that $50,000 might be achieved in the coming days.
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The recent optimism on Wall Street regarding stocks suggests a possible rebound for cryptocurrencies in the near future.
If the Fed decided to lower its interest rates, we could very well witness a soaring of the markets. Money would flow abundantly, and certain financial assets like bitcoin (BTC) could reach unprecedented heights.
Bitcoin closed the previous week in positive territory, but is still showing signs of weakness. Let's take a look at the future prospects of BTC price together.
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