Bitcoin traded between $60,000 and $62,000, keeping the cryptocurrency market stable with observers divided on what Federal Reserve Chairman Jerome Powell will say at Friday’s Jackson Hole meeting. “Given the good CPI reading last Wednesday, we will likely see a dovish tone from Powell on Friday,” Amberdata said in the weekly newsletter, suggesting a potential favorable development for risk assets, including cryptocurrencies. Meanwhile, crypto-options-focused technology platform SignalPlus said Powell may be cautious. On Deribit, the options market is not anticipating a Powell-induced burst of volatility. “Single-day BTC options indicate a 2.5% price swing [in either direction]Martin Cheung, head of options trading at Pulsar, told CoinDesk. Markus Thielen, founder of 10x Research, said the setup looks good, with the ascending triangle pointing to a minor upside.