Bitcoin’s price struggles to surpass $26,000 after breaching a crucial support level, signaling a potentially bearish trend. The cryptocurrency market is consolidating amidst volatility, with focus on Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole Symposium. The event discusses global economic transformations and the process of de-dollarization. Powell’s insights into inflation targets, the Fed’s approach, and interest rate decisions are highly anticipated by the market. Bitcoin’s current price hovers around $25,870.08, with a bearish sentiment but potential for long-term bullish trends. The Jackson Hole Symposium is expected to bring renewed excitement to the market.
AI Sentiment: Negative