TradingView data indicates that Bitcoin (BTC) has managed to rebound above $61,000 heading into Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. The cryptocurrency's recent price decline has also somewhat eased, as markets anticipate a potentially less hawkish stance from the Fed. Cryptocurrency trader Elja noted that BTC is trading above its 200-day exponential moving average (EMA) at $61,000 on the 4-hour chart. A break above $62,000 could see BTC rally towards $64,000–$65,000.