Bitcoin Price Starts 'Uptober' Down 0.7% on Hopes for a Final Push to $20,000
Bitcoin price action could include another trip to $20,500 but beyond that the overall trend remains firmly on the downside for traders.
![Bitcoin price starts 'Uptober' down 0.7% amid hope for final $20K push](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNTg4OWI0NDMtODVjMS00OWFhLWJkNWYtODAyMWEyNzM3OTUxLmpwZw==.jpg)
Bitcoin (BTC) failed to hold $20,000 through September's monthly close as a trader eyed one last comeback before another drop.
![](https://s3.cointelegraph.com/uploads/2022-10/ecf8f9e5-2892-4b01-95be-583c7e4c9f0c.png)
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD remaining lower after ending the month at around $19,400.
Capping losses at 3%, monthly chart failed to rally on Oct. 1, with BTC/USD down another 0.7% in Uptober so far, data shows of the Coinglass on-chain data resource.
![](https://s3.cointelegraph.com/uploads/2022-10/6f7b77a6-8a24-47f0-bf99-bd525d904d67.png)
Dismal financial data from macro markets contributed to lack of appetite for risky assets, and among crypto traders the outlook remained bleak. p>
For Crypto's popular Il Capo Twitter account, a return above the $20,000 mark was still possible that day, which was yet to be followed by a much lower dip.
>An additional post noted stable buy-ins worth $192,000 on the FTX exchange, which he said could help the short-term upside.
Yet, at the time of writing, BTC/USD was looking conducive to volatility leading into the weekly close, as suggested by Bollinger B tightening...
![Bitcoin Price Starts 'Uptober' Down 0.7% on Hopes for a Final Push to $20,000](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNTg4OWI0NDMtODVjMS00OWFhLWJkNWYtODAyMWEyNzM3OTUxLmpwZw==.jpg?#)
Bitcoin price action could include another trip to $20,500 but beyond that the overall trend remains firmly on the downside for traders.
![Bitcoin price starts 'Uptober' down 0.7% amid hope for final $20K push](https:// images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNTg4OWI0NDMtODVjMS00OWFhLWJkNWYtODAyMWEyNzM3OTUxLmpwZw==.jpg)
Bitcoin (BTC) failed to hold $20,000 through September's monthly close as a trader eyed one last comeback before another drop.
![](https://s3.cointelegraph.com/uploads/2022-10/ecf8f9e5-2892-4b01-95be-583c7e4c9f0c.png)
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD remaining lower after ending the month at around $19,400.
Capping losses at 3%, monthly chart failed to rally on Oct. 1, with BTC/USD down another 0.7% in Uptober so far, data shows of the Coinglass on-chain data resource.
![](https://s3.cointelegraph.com/uploads/2022-10/6f7b77a6-8a24-47f0-bf99-bd525d904d67.png)
Dismal financial data from macro markets contributed to lack of appetite for risky assets, and among crypto traders the outlook remained bleak. p>
For Crypto's popular Il Capo Twitter account, a return above the $20,000 mark was still possible that day, which was yet to be followed by a much lower dip.
>An additional post noted stable buy-ins worth $192,000 on the FTX exchange, which he said could help the short-term upside.
Yet, at the time of writing, BTC/USD was looking conducive to volatility leading into the weekly close, as suggested by Bollinger B tightening...
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