On September 19th, Alex Kuptsikevich, a senior market analyst at FxPro, stated in a report that the increase in market risk appetite following the Federal Reserve's decision helped cryptocurrencies reach new highs in the past three weeks.

"The downtrend since March has persisted, with the previous peak of around $64,000 roughly coinciding with the 200-day moving average. We believe that Bitcoin may encounter strong resistance at this level, and once this point is broken, the path upwards will be open," Kuptsikevich said. (Decrypt)