Bitcoin (BTC) ran into trouble at $ 46,000 on September 12 after a “strong bullish divergence” encountered resistance on lower time frames.

Higher lows for BTC / USD

Data from Cointelegraph Markets Pro and TradingView show BTC / USD is seeing a heavy rejection after hitting a local high of $ 46,280 on Bitstamp.

The move continued through the various weekends when the pair was unable to recover from the Friday sell-off.

$ 45,500 is an important level for Bitcoin in terms of its 50-day moving average, a level that continued to be held as support on Sunday.

As Note According to trader and analyst Rekt Capital, the lower time frames show increasing strength for the day with a “strong bullish divergence” characteristic of the 4-hour chart. However, at the time of writing, no new levels have been added as support.

“Bitcoin made a lower low in the 4-hour timeframe for the days September 8-10,” he said. summary.

“However, $ BTC made a new higher low in the 4-hour timeframe during September 10th and 12th.”

Cointelegraph Contributing Analyst Michaël van de Poppe is also looking for a lower structure.

Brothers speak Saturday.

Polkadot leads alternative crypto movements on Sunday

As Cointelegraph reported, Bitcoin price is expected to drop as low as $ 38,000, with September being a month of reflection on a resumption of the bull run.

Related: Bullish breakout pushes Avalanche towards $ 80 as AVAX price hits another record high

Bitcoin’s overall dominance in the crypto market continued to decline over the weekend, almost 40% above what could prove to be a boon to altcoin performance.

Signs of life surfaced on the big Sunday, with Polkadot (DOT) leading the top 10 with a daily gain of 10%.

The largest altcoin, Ether (ETH), is up 3.2% to $ 3,425 but is still 13% lower than late last week.