Bitcoin Consolidates Above $21,500 Following last week’s downtrend, bitcoin (BTC-USD) has slipped further below key support levels over the past seven sessions. The flagship cryptocurrency is currently trading just above the $21,500 mark. Following the steep drop below support sitting at $23,500 on August 18, performance has since flattened for bitcoin, with the cryptocurrency largely trending within a horizontal price range in the time since. With BTC now down by nearly 70% from its November 2021 all-time high, investors are eagerly awaiting the next announcement from U.S. Federal Reserve officials attending the annual conference in Jackson Hole.
