Bitcoin Weekly Forecast: BTC bloodbath continues, near 30% down from its ATH Bitcoin (BTC) price extends its decline and trades below $80,000 at the time of writing on Friday, falling over 15% so far this week. This price correction wiped $660 billion of market capitalization from the overall crypto market and saw $3.68 billion in total liquidations this week. Moreover, US Bitcoin spot Exchange Traded Funds (ETFs) data supported BTC's decline as it recorded a total net outflow of $2.48 billion until Thursday, indicating signs of weakness among institutional investors. Bitcoin price declined more than 18% this week from Monday's high of $96,500 to Friday's low of $78,258, the highest weekly fall in the last three years. BTC has corrected nearly 30% from its all-time high (ATH) of $109,588 marked on January 20.