With the decline of Western and American interest rates, Bitcoin has rebounded to the 1 million yen range!!

On April 26, after the ECB (European Central Bank) Governing Council decided to keep monetary policy unchanged, Draghi, the ECB President, held a press conference in which he indicated a reluctance to rush financial normalization, and European bond yields fell.

Additionally, the U.S. 10-year Treasury yield, which had risen above 3% for the first time in more than four years, again dropped below 3%, contributing to a decline in yields in both Europe and the United States, and seemingly prompting a rebound in cryptocurrencies that had been sold during the recent rise in interest rates.

Bitcoin (BTC) showed a bottom signal lighting up on the “Bottom/Top Chart” on April 12, and since then has continued to rise smoothly,

again climbing into the six-figure yen range.

Bitcoin (BTCJPY) April 27 daily chart (byBottom/Top Chart MT4)

Ethereum (ETHJPY) April 27 daily chart (by

Bottom/Top Chart MT4)

Litecoin (LTCJPY) April 27 daily chart (byBottom/Top Chart MT4)