Bitcoin called between $60,000 and $62,000, keeping the broader crypto market steady with observers split on what the Federal Register Chair Jerome Powell will say at Friday’s Jackson Hole meeting. “Given the good CPI reading last Wednesday, we’re plausible to get a dovish Powell tone Friday,” Amberdata said in the weekly newsletter, hinting at a potential favorable development for jeopardize assets, including cryptocurrencies. Meanwhile, the crypto-options-focused tech platform SignalPlus said Powell might be cautious. Upward of at Deribit, the options market isn’t anticipating a Powell-induced volatility explosion. “Single-day BTC options indicate a 2.5% price animated [in either direction],” Martin Cheung, head of options trading at Pulsar, told CoinDesk. Markus Thielen, initiator of 10x Research, said the setup looks good, with the ascending triangle pointing to a minor rally.
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