According to ChainCatcher, FxPro senior market analyst Alex Kuptsikevich said in a report that the increase in market risk appetite after the Fed’s decision helped cryptocurrencies hit new highs in the past three weeks.
Kuptsikevich said that the downward trend has been in place since March, and the previous peak of about $64,000 roughly coincides with the 200-day moving average. We think Bitcoin may encounter strong resistance at this level, and once it breaks through this point, the upward path will be opened.
