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Crypto Gives Away Week's Gains in Friday Decline
Even with the pullback, bitcoin continues to make higher lows, a positive technical development.
Updated Sep 19, 2025, 4:41 p.m. Published Sep 19, 2025, 3:53 p.m.
What to know:
- Sizable Friday declines wiped out hard-fought weekly gains across crypto.
- The two hottest major cryptos — SOL and DOGE — suffered the largest reversals.
- Nevertheless, bitcoin has been making a series of higher lows, suggesting a possible coming breakout higher.
Markets take the escalator up and elevator down goes an old Wall Street shibboleth, and crypto is following that script this week, with several days of hard-earned gains more than wiped away in Friday trade.
Nearly pushing through the $118,000 level at one point on Thursday after the Federal Reserve one day earlier trimmed interest rates for the first time this year, bitcoin has pulled back to $115,600, down 1.5% over the past 24 hours and now essentially flat over the past seven days.
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Ether has pulled back from the $4,750 area to $4,460, lower by 2.9% over the past 24 hours and now off 1.5% week-over-week.
Amid ETF excitement and growing institutional adoption, the two hottest crypto majors this week were solana and . Both, however, have returned to flat over the last seven days, with SOL lower by 4.5% over the past 24 hours and DOGE down 6.3%.
Technical factors suggest reason for optimism
In a world where U.S. stocks have been putting in record highs on a daily basis, it may seem that bitcoin has failed to gain much ground of late. Its price action over the past few weeks, though, has formed a clear ascending triangle pattern, highlighted by a series of higher lows, while pressing against horizontal resistance near $118,000.
Each pullback since early September has found support at a rising trendline, signaling steady accumulation and a bullish bias among traders. The market is currently consolidating in the $115,700 around the rising support line.
For now, the higher lows keep the advantage tilted toward bulls, with traders closely watching the $118,000 ceiling.
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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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