Bitcoin Tightens Range Ahead of Powell’s Jackson Hole Speech

As of Aug. 20, 2025, bitcoin trades between $113,524 and $113,882, consolidating near a key $113,000 support level after a sharp rejection at $124,517.

The $2.26 trillion asset faces pressure from $523 million in ETF outflows and technical weakness, with indicators flashing a cautious, bearish bias. Traders watch the $112,000–$112,500 zone as critical support, while a breakout above $116,000 could signal recovery toward $118,000–$120,000. Markets now await Fed Chair Jerome Powell’s Jackson Hole speech, which may spark volatility across crypto and traditional assets depending on his rate outlook.

Clever Robot News Desk 21^th August 2025