According to BlockBeats, on September 19, 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 a new high in the past three weeks.
“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 believe that Bitcoin may encounter strong resistance at this level, and once it breaks through this level, the upward path will be opened.” Kuptsikevich said. (Decrypt)
