BTC price stays under $19K amid hopes Q4 will end Bitcoin bear market

Bitcoin (BTC) hit new weekly lows into Sept. 28 as risk asset drawdown continued overnight.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling to $18,461 on Bitstamp, down almost $2,000 versus the previous day’s high.

The change of direction came in lockstep with stocks, which turned red after initially heading marginally higher at the Wall Street open.

The S&P 500 and Nasdaq Composite Index ultimately finished the day down 0.25% and up 0.25%, respectively.

Crypto, however, failed to recoup its losses, and while hopes were for Q4 to bring about a more solid recovery, traders were betting on the pain continuing first.

Popular Twitter account Il Capo of Crypto appeared to confirm that he favored October copying last year’s performance — something which earned it the nickname “Uptober.”

In comments, he added that he was “expecting bullish Q4. But first new lows.”