Bitcoin market dips a bit from last few days. However, some altcoins shows more uptrend moves regardless of the bitcoin slides.
Bitcoin met with resistance at lower timeframes after hitting $46,000 on September 12.
Meanwhile, This was after a strong bullish divergence.
TradingView data reveals BTC/USD reject sharply after hitting local highs of $46,280 on Bitstamp.
However, The pair fails to recover from Friday’s sell-off.
“Bitcoin formed a Lower Low on the 4-hour timeframe during the days spanning the 8th and 10th of September,”
analyst Rekt Capital added.
“Over the course of the 10th and 12th of September however, $BTC formed a new Higher Low on the 4-hour timeframe.”
– Polkadot leads Sunday’s altcoin moves
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Bitcoin price could see $38,000 dip as September is perceived as necessary rumination for the bull run continues.
Conclusively, Bitcoin price continues a slow decline through the days.
However, some major alts shows massive run with DOT leading the move with over %10% daily gains.
The largest altcoin, Ether (ETH), saw 3.2% increase as it currently sits around the $3,425 price mark.
