Bitcoin Poised for Breakout as Market Risk Appetite Soars, Says Analyst

According to a recent report from FxPro’s senior market analyst, Alex Kuptsikevich, the increased market risk appetite stemming from the Fed’s latest decision has propelled cryptocurrencies to reach a new high over the past three weeks. “The decline observed since March remains intact, and the prior peak around $64,000 approximately aligns with the 200-day moving average. It is our assessment that Bitcoin will meet significant resistance at this threshold. However, should it surpass this barrier, it could pave the way for further gains,” stated Kuptsikevich.