Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close. Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp. The move continues a ranging weekend, over which the pair failed to recover from Friday’s sell-off. $45,500 is an important level for Bitcoin in the form of its 50-day moving average, a level which on Sunday continued to hold as support. As noted by trader and analyst Rekt Capital, lower timeframes showed increasing strength on the day, with a “strong bullish divergence” characterizing the 4-hour chart. At the time of writing, however, no new levels had entered as support.
“Bitcoin formed a Lower Low on the 4-hour timeframe during the days spanning the 8th and 10th of September,” he summarized. “Over the course of the 10th and 12th of September however, $BTC formed a new Higher Low on the 4-hour timeframe.”
Cointelegraph contributing analyst Michaël van de Poppe was also on the lookout for a higher low construction. “Looking at a higher low to be constructed at Bitcoin and then we're ready to go toward $50K,” he said Saturday.
As Cointelegraph reported, expectations include a Bitcoin price dip to as low as $38,000 at worst, with September poised to be a month of rumination for the bull run continues. Bitcoin’s overall crypto market dominance continued to fall at the weekend, nearing 40% in what could prove to be a boon for altcoin performance.
Signs of life were already present on major alts Sunday, with Polkadot (DOT) leading the top ten with 10% daily gains. The largest altcoin, Ether (ETH), was up 3.2% at $3,425, albeit still down 13% compared to its position last weekend.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 88.4% | 13 | $62 869.45 | 2.71% | -1.07% | $1 238 395 845 538 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 86% | 20 | $2 947.78 | 0.66% | -4.49% | $354 067 616 465 | ||
3 | USDT | Tether predictions | 92% | 1 | $0.999885 | 0.03% | -0.02% | $110 827 283 442 | ||
4 | BNB | Binance Coin predictions | 87.2% | 15 | $592.86 | -0.45% | 0.02% | $87 498 775 284 | ||
5 | SOL | Solana predictions | 81.2% | 29 | $147.53 | 2.47% | -5.02% | $66 173 253 782 | ||
6 | USDC | USD Coin predictions | 95.2% | 1 | $1.000119 | 0.02% | 0.01% | $33 044 617 995 | ||
7 | XRP | XRP predictions | 88.4% | 14 | $0.507343 | 1.35% | -7.26% | $28 086 109 675 | ||
8 | TON | Toncoin predictions | 75.2% | 54 | $7.15 | 3.23% | 22.24% | $24 832 781 843 | ||
9 | DOGE | Dogecoin predictions | 78% | 34 | $0.149100 | 5.72% | -5.47% | $21 511 728 363 | ||
10 | ADA | Cardano predictions | 87.2% | 17 | $0.439023 | 0.52% | -4.30% | $15 659 350 032 | ||
11 | SHIB | SHIBA INU predictions | 78% | 45 | $0.000023 | 4.66% | -3.31% | $13 752 042 335 | ||
12 | AVAX | Avalanche predictions | 78.8% | 33 | $32.63 | -1.88% | -13.21% | $12 454 112 721 | ||
13 | WTRX | Wrapped TRON predictions | 81.6% | 34 | $0.126238 | -0.30% | 6.03% | $11 042 655 003 | ||
14 | TRX | TRON predictions | 83.2% | 34 | $0.126005 | -0.71% | 5.83% | $11 022 228 401 | ||
15 | STETH | Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
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