Fed rate meeting coming, cryptocurrency trend may be affected

Using trend-following indicators, Fairlead Strategies founder Katie Stockton believes bitcoin will face resistance in the $50,000-$51,000 range, with the approach to $55,000 as its second resistance level.

IntoTheBlock data states that over 99% of bitcoin volume is now coming from transactions over $100,000, with bitcoin addresses reaching a record of nearly 40 million. Institutional dominance and structural changes in the bitcoin market have begun to accelerate since Q3 2020, with the share of large transactions remaining above 90% of volume.