According to ChainCatcher, FxPro senior market analyst Alex Kuptsikevich said in a report that the increase in market risk appetite after the Federal Reserve’s decision helped cryptocurrencies hit new highs in the past three weeks.
“The downtrend has been in place since March, with the previous peak of around $64,000 roughly coinciding with the 200-day moving average. We think Bitcoin could face strong resistance at this level, and once it breaks, the path to the upside will be open,” Kuptsikevich said.
