Will it pave the way for BTC's rise?
The rise in market risk appetite triggered by the Fed's latest decision has pushed cryptocurrencies to new highs in the past three weeks.
The downward trend since March remains unchanged, with the previous peak at around $64,000, roughly in line with the 200-day moving average.
Chuang Ge predicts that Bitcoin will encounter huge resistance at this threshold. However, if it breaks through this barrier, it may pave the way for further gains
