FxPro Analyst: Bitcoin May Face Strong Resistance Near 200-Day Moving Average at $64,000

Article is form Jinse
September 19, 2024
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According to Golden Finance, Alex Kuptsikevich, Senior Market Analyst at FxPro, said in a report that the increase in market risk appetite after the Federal Reserve's decision helped cryptocurrencies reach new highs over the past three weeks.

"The downtrend since March has been present, with the previous peak of about $64,000 roughly coinciding with the 200-day moving average. We believe Bitcoin may encounter strong resistance at this level, and once it breaks through this level, the path upwards will be open," Kuptsikevich said.

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