Bitcoin stuck at $ 46,000 resistance Polka dot up 10%

Bitcoin (BTC) has been unable to break through $ 46,000 on the 12th due to resistance from “strong bullish divergence” in a short time.

High Arrow creeping on BTC / USD

BTC / USD was rejected after hitting a high of $ 46,280, according to data from Cointelegraph Markets Pro and TradingView.

The move continues to move within the weekend range, with Bitcoin not recovering from selling on the 10th.

$ 45,500 is a key level for Bitcoin on the 50-day MA and will continue to be supported on the 12th.

As trader and analyst Rekt Capital points out, the short hourly timeframe gained strength on the 12th, and the 4-hour chart showed “strong bullish divergence.” However, at the time of writing the article, there is no new level of support.

“Bitcoin hit a four-hour downside from September 8th to 10th,” Rekt Capital said, adding:

“But from September 10th to 12th, BTC formed a new high arrow on the 4-hour chart.”

Cointelegraph contributor analyst Michael van de Poppe also noted the price movement.

“Note that Bitcoin builds high arrows, after which we could head for $ 50,000.”

Polka dots leading the movement of altcoin

As previously reportedBitcoin prices have fallen to $ 38,000 at worst, and September is said to be a month of patience to sustain the uptrend.

Bitcoin’s dominance has fallen to nearly 40% over the weekend, which could have a positive impact on altcoin’s performance in the future.

On the 12th, major altcoins were already booming and Polkadot (DOT) was in the top 10 with a 10% profit in the last 24 hours.

Ethereum (ETH), the largest altcoin by market capitalization, was up 3.2% at $ 3,425, down 13% from last weekend’s position.