Bitcoin price consolidates above $21,000 as big move imminent for BTC

Bitcoin price consolidates above $21,000 as big move imminent for BTC

In early U.S. trading on Wednesday, August 24, the price of Bitcoin (BTC) measured against the U.S. dollar is marginally down 0.27%, according to CoinMarketCap data.

Although prices have remained relatively stable this week, so far, bears now appear to have a slight technical edge in the short term, with Bitcoin trading at $21,409, down over 9% in the last seven days. 

Bitcoin 7-day candlestick chart. Source: CoinMarketCap

What’s more, volatility has been reduced as a result of the…


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