Bitcoin Finds Footing at Current Levels Amid a Quiet Newsflow Week: Week in Review August 20

After two consecutive bear market weeks, the price of bitcoin closed the week effectively unchanged around the $6,400 mark. In a volatile seven days, bitcoin (BTC) traded in a range between $6,000 and $6,600 but managed to maintain last week’s price level as the week closed. After a couple of difficult weeks for the pioneer cryptocurrency, this price stabilization gives hodlers some relief and hope that the next directional move may be back “to the moon.” Bitcoin-related news flow has been relatively muted with some positives to note. The announcement…