Bitcoin rose to the highest level since May 2022 following the Fed’s latest statements.
Hopes that the Fed will ease interest policy allowed BTC to reach $ 39,000 for the first time since 2022.
Data from Bitstamp exchange showed that BTC rose to $39,000.
Already in a strong position, Bitcoin bulls broke through the resistance level after Fed Chairman Jerome Powell’s statements.
In his speech, Powell said that they are committed to the goal of reducing inflation to 2 percent and therefore want to continue the restrictive policy.
Powell also emphasized that it is too early to say when policy might ease.
The next meeting of the FOMC will be held in mid-December.
Material Indicators shared a snapshot of the order book view of BTC/USDT. According to the post, the $39,000 and $39,200 levels still remained important resistances.
The leading cryptocurrency retreated after reaching $ 39,000 and is traded at $ 38,695, according to Bitstamp data at the time of writing.
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