The Fed's last decision was more pessimistic than expected, it served as the bottom in many risk assets including bitcoin, and in addition, the benign US Consumer Price Index figures on Wednesday served as the impetus for the risk sentiment that brought US stocks to all-time highs and strengthened the cryptocurrency.
The US Consumer Price Index report triggered a rise in risk assets, and bitcoin was the main beneficiary at that time.
As long as the positive sentiment continues, we should see new highs for bitcoin in the next few weeks, but we are still trading below the 67300 resistance levels.
Any breakout of a candle above the USD 67,300 level on the day, we expect to confirm the bullish state of the cryptocurrency, and then we target the USD 71,000 levels and around.
