{"id":495887,"date":"2022-09-25T16:36:32","date_gmt":"2022-09-25T13:36:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k\/"},"modified":"2022-09-25T16:36:32","modified_gmt":"2022-09-25T13:36:32","slug":"bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k\/","title":{"rendered":"# Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e7c63d800\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e7c63d800\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k\/#%E2%80%9D_Bitcoin_risks_worst_weekly_close_since_2020_as_BTC_price_dices_with_19K_%E2%80%9C\" >&#8221; Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k\/#Trader_prepares_for_%E2%80%9Cimportant_week%E2%80%9D_for_BTC\" >Trader prepares for &#8220;important week&#8221; for BTC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k\/#XRP_takes_the_altcoin_gains_crown\" >XRP takes the altcoin gains crown<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_risks_worst_weekly_close_since_2020_as_BTC_price_dices_with_19K_%E2%80%9C\"><\/span>&#8221; Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ebd806f>Bitcoin (BTC) headed for its lowest weekly close since 2020 on Sep. 25 as a week of macro turmoil took its toll.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/a2ab6b50-13a1-4305-bcbe-e396a3337a18.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Trader_prepares_for_%E2%80%9Cimportant_week%E2%80%9D_for_BTC\"><\/span>Trader prepares for &#8220;important week&#8221; for BTC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> showed BTC\/USD trading near $19,000 with hours left to run on the weekly candle.<\/p>\n<p>While only down $400 since the week began, the pair offered traders little optimism amid fears that the coming days would continue the bleedout across risk assets.<\/p>\n<p>\u201cThe whole week traded within the monday range. Weekly close gonna be bearish, looking like a pin bar,\u201d popular trading account Crypto Yoddha told <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers in a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoYoddha\/status\/1574020473221890048\">summary post<\/a>. <\/p>\n<blockquote><p>\u201cAlso consolidating at the range low. So need a bounce first before taking a position. Next week is gonna be important. (Q3 close + Monthly close).\u201d<\/p><\/blockquote>\n<p>Macro commentator Alex Krueger meanwhile noted that the Sep. 19 close marked Bitcoin\u2019s lowest of 2022.<\/p>\n<p>&#8220;Thinking lower then higher,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/krugermacro\/status\/1573809529153724416\">wrote<\/a> in a Twitter discussion. <\/p>\n<blockquote><p>&#8220;Replay of June CPI week on equities, crypto to outperform once bounce is on, as it has been showing relative strength (heavy spot buyers last two days). strong bounce =\/ new multi-week upwards trend.&#8221;<\/p><\/blockquote>\n<p>Unless a last-minute rebound entered, however, the largest cryptocurrency was on track for an even less enviable achievement \u2014 its lowest close since November 2020.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/63040e00-3a91-4517-a90c-b8dd2385a317.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, added that volatility was all but <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1573998249400074241\">guaranteed<\/a> next week thanks to the precarious macro environment.<\/p>\n<p>Hand in hand with that, the U.S. dollar index (DXY) prepared to defend the new twenty-year highs claimed the week prior \u2014 over 113.2 and at the expense of multiple major fiat currencies.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/db9cea78-b331-4a6b-a8f0-e4bcfdb6396b.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar index (DXY) 1-week candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"XRP_takes_the_altcoin_gains_crown\"><\/span>XRP takes the altcoin gains crown<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the top ten altcoins, losses from the week were being shouldered chiefly by Ether (ETH), now down 8% as hype over the Merge faded.<\/p>\n<p><strong><em>Related:\u00a0The biggest Bitcoin fund just hit a record -35% discount \u2014 A warning for BTC price?<\/em><\/strong><\/p>\n<p>The largest altcoin by market cap circled $1,300 at the time of writing, its lowest since mid-July.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/231a1b75-1fd6-4300-94b8-09428ed0b434.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-week candle chart (Binance). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The only token bucking the trend was XRP, which continued to rally as the market hoped for a victory in the ongoing court battle between major investor Ripple and U.S. regulators.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/89282cfd-f038-483f-aa95-38b784e3f161.png\"><figcaption style=\"text-align: center;\"><em>XRP\/USD 1-week candle chart (Binance). Source: TradingView<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-risks-worst-weekly-close-since-2020-as-btc-price-dices-with-19k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin risks worst weekly close since 2020 as BTC price dices with $19K &#8220; Bitcoin (BTC) headed for its lowest weekly close since 2020 on Sep. 25 as a week of macro turmoil took its toll. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader prepares for &#8220;important week&#8221; for BTC Data from Cointelegraph Markets&#8230;<\/p>\n","protected":false},"author":1,"featured_media":495888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvOGQxYmUzOTgtODg0ZS00NGE5LWEyMzQtYTRjOTFkNTE3OTc2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,74891,75557,73785],"class_list":["post-495887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-ethereum","tag-xrp","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/495887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=495887"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/495887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/495888"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=495887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=495887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=495887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}