Bitcoin (BTC<\/a>) headed for its lowest weekly close since 2020 on Sept. 25 as a week of macro turmoil took its toll.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD trading near $19,000 with hours left to run on the weekly candle.<\/p>\n 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 \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 Twitter followers in a summary post<\/a>, adding:<\/p>\n \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 Macro commentator Alex Kruger meanwhile noted that the Sept. 19 close marked Bitcoin\u2019s lowest of 2022.<\/p>\n “Thinking lower then higher,” he wrote<\/a> in a Twitter discussion, adding:<\/p>\n \u201cReplay 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.”<\/p><\/blockquote>\n Unless a last-minute rebound came into play, however, the largest cryptocurrency was on track for an even less enviable achievement \u2014 its lowest close since November 2020.<\/p>\n Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, added that volatility was all but guaranteed<\/a> next week thanks to the precarious macro environment.<\/p>\n Hand in hand with that, the U.S. dollar index (DXY) prepared to defend the new 20-year highs<\/a> claimed the week prior \u2014 over 113.2, and at the expense of multiple major fiat currencies.<\/p>\n Among the top ten altcoins, losses from the week were being shouldered chiefly by Ether (ETH<\/a>), now down 8% as hype over the Merge faded.<\/p>\n Related:\u00a0The biggest Bitcoin fund just hit a record -35% discount \u2014 A warning for BTC price?<\/a><\/em><\/strong><\/p>\n The largest altcoin by market cap circled $1,300 at the time of writing, its lowest since mid-July.\u00a0<\/p>\n The only token bucking the trend was XRP<\/a>, which continued to rally as the market hoped for a victory in the ongoing court battle<\/a> between major investor Ripple and U.S. regulators.<\/p>\n 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<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2022-09\/a2ab6b50-13a1-4305-bcbe-e396a3337a18.png\")
Trader prepares for \u201cimportant week\u201d for BTC<\/h2>\n
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XRP takes the altcoin gains crown<\/h2>\n
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