
Bitcoin (CRYPTO: BTC) was trading mostly flat during Friday’s trading session. The crypto has been unusually quiet over the month of August, trading mostly sideways between about $22,700 and $24,300.
The long-term consolidation within the horizontal pattern has helped Bitcoin to cool its relative strength index (RSI), which reached about 61% on July 28, after the crypto shot up over 12% between that day and the day prior.