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 | 80.8% | 27 | $63 722.47 | -1.91% | -5.43% | $1 254 548 083 658 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 74.4% | 45 | $3 049.10 | -1.76% | -6.71% | $366 112 552 847 | ||
3 | USDT | Tether predictions | 96% | 1 | $1.000325 | -0.05% | 0.01% | $109 505 181 069 | ||
4 | BNB | Binance Coin predictions | 88.4% | 18 | $554.95 | -0.79% | -6.33% | $82 983 392 764 | ||
5 | SOL | Solana predictions | 74% | 51 | $141.75 | -2.06% | -6.33% | $63 337 369 405 | ||
6 | USDC | USD Coin predictions | 93.2% | 2 | $1.000076 | -0.01% | 0.01% | $33 906 004 843 | ||
7 | XRP | XRP predictions | 69.6% | 60 | $0.520763 | 3.70% | -4.14% | $28 709 204 049 | ||
8 | DOGE | Dogecoin predictions | 68.8% | 59 | $0.152424 | -0.30% | -10.98% | $21 943 232 561 | ||
9 | TON | Toncoin predictions | 66.4% | 64 | $6.21 | -13.14% | -6.99% | $21 567 602 629 | ||
10 | ADA | Cardano predictions | 67.2% | 60 | $0.478029 | 2.11% | -6.44% | $17 029 608 325 | ||
11 | SHIB | SHIBA INU predictions | 62.8% | 85 | $0.000023 | -1.19% | -5.25% | $13 626 535 473 | ||
12 | AVAX | Avalanche predictions | 67.6% | 60 | $35.07 | -1.04% | -8.93% | $13 256 092 751 | ||
13 | STETH | Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
14 | WBTC | Wrapped Bitcoin predictions | 81.2% | 31 | $63 775.63 | -1.88% | -5.40% | $9 909 695 227 | ||
15 | DOT | Polkadot predictions | 72.4% | 57 | $6.74 | -1.34% | -7.42% | $9 676 778 695 |
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