FxPro Analyst: Bitcoin may face strong resistance around the 200-day moving average of $64,000

ChainCatcher news, FxPro senior market analyst Alex Kuptsikevich stated in a report that the increase in market risk appetite following the Federal Reserve's decision has helped cryptocurrencies reach new highs in the past three weeks.

"Since March, a downward trend has been present, with the previous peak of around $64,000 roughly coinciding with the 200-day moving average. We believe Bitcoin may encounter strong resistance at this level, and once this point is broken, the path upwards will be opened," Kuptsikevich said.