The leading cryptocurrency failed to hit its August high of $50,500 and is on verge of another drop. While bulls fight tooth and nail to grab greater support, Bitcoin is wobbling just around $49,000. On a four-hour chart, 50 SMA created a barrier, preventing bearish legs from reaching $48,000. With a rise to $50,404, Santiment's on-chain statistics on Bitcoin reveal a jump of addresses interacting on the network. For the first time in two months, these addresses surpassed one million.