Analysis: Bitcoin threatens to fall below $ 50,000

Bitcoin shot up like a rocket from October 2020, but since March this year, that rocket has been floating adrift in space. Is Bitcoin Continuing Its Ride To The Moon? Or are we going to have a hard landing?

Bitcoin directionless

If we look at the weekly chart, we have been seeing the same picture for a long time. Since March, the bitcoin price has moved in a wide margin, between $ 49,200 (40,536 euros) and 60,000 dollars (49,434 euros). The trend is neither rising nor falling, which makes it difficult to predict the price in the longer term.


As bitcoin moves sideways, other altcoins benefit. Dogecoin is the absolute favorite, this crypto has risen by more than 10,000% since the beginning of 2021 (no joke!). Ethereum also continues to break records, yesterday the currency with conviction broke the psychological barrier of 4,000 dollars (3,295 euros). Cryptocurrency price predictions is popular.

This comes at the expense of bitcoin’s dominance. On January 4, more than 70 percent of the market was still bitcoin, based on the total market value of the crypto market. This percentage has dropped to 45 percent, less than half of the market now consists of bitcoin. That can also be explained; investors are turning to other currencies as bitcoin moves sideways.

Caught between two levels

We also see the image of the weekly chart in the daily chart. On Wednesday, April 14, bitcoin reached its (for now) final high, but the price is mainly moving between the two green lines.

Below you see the same daily chart, but including the MACD indicator. This indicator shows the momentum of the price. According to the MACD, we may expect another decline soon, as the positive momentum is weakening.

You can see that in two ways on this indicator. First, the blue line threatens to drop below the orange line. These lines are derived from moving averages and give you a good idea of the direction of the trend. Price prediction Crypto Indonesia is popular.

Second, the bars turn light green, and these are almost in danger of turning red. The bars visually indicate how far apart the two lines are. When the bars turn red, the blue line moves below the orange line.

But what actually happens when the blue line dips below the orange? In that case, there is a so-called bearish cross, and that is often a negative omen for the price. We indicate these moments on the graph above with the circles. With every bearish cross, the price dips.

If $ 49,200 (€ 40,536) continues to serve as support, that is a good level to keep an eye on in the coming days.

A small upward trend

Fortunately, there is also a ray of hope, because bitcoin is moving in a rising trend in the short term. We see that when we zoom in a lot further on the graph, you are now looking at the hourly rate of bitcoin.

The price is now moving in a rising channel, between two parallel trend lines. The upside turned out to be a strong resistance several times, and on the downside the price is bouncing up again. But overall, bitcoin has been slowly creeping up in recent days.

What do we expect from bitcoin?

Bitcoin may therefore fall in the coming days, but the rising channel still gives hope. What can we expect? We outline our two scenarios based on the channel and levels of Fibonacci.


Bitcoin just bounced up from the bottom of the channel. The logical step is that the price is now going to retest the upside. But what if that doesn’t work? In that case, the price can return to the lower trend line, now around 53,800 dollars (44,314 euros).

If bitcoin also falls through that, then 51,320 dollars (42,275 euros) will be the next point of support. In the most negative scenario, bitcoin falls to 47,060 dollars (38,766 euros). This was the bottom when bitcoin plunged in late April.


The top of the channel is immediately a very tough resistance, namely the psychological limit of 60,000 dollars (49,425 euros). If we end up above this price, it is important to hold on to it. Bitcoin has not yet managed to end the week above $ 60,000. If that is successful, it is a very positive signal.

Further up we find the Fibonacci resistance at USD 61,246 (EUR 50,455). Again, the price found support briefly in mid-April, just before bitcoin had fallen in value by more than 20%.

Not far above that, the gray line is around 65,000 dollars (53,547 euros), the very highest price ever. This can form a lot of resistance.

It’s still a long way off now, but what will be the next goal when that line is broken? According to Fibonacci, we can then expect a price of more than 70,000 dollars (57,653 euros)

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Bitcoin whales continue to buy massively, third largest BTC whale also bought the dip

The bitcoin (BTC) crash caused a lot of panic in the cryptocurrency market this week. It was the strongest price movement since the crash in May. The crash appears to have been mainly caused by a chain reaction of liquidations by overleveraged traders in the derivatives market.

That chain reaction may have been caused initially by “buy the rumour, sell the news” traders. These types of investors expect that the lead-up to an event will generate hype and price increases, but that during the actual event traders will dump and then the price will fall again. The event this time was of course the introduction of the bitcoin law in El Salvador.

Investors in particular

Newer investors in particular sold their crypto out of panic when the decline set in, and we saw a similar trend happen for a few months. has enough information. On the other hand, it was just another opportunity for so-called bitcoin whales, investors with huge amounts of BTC, to accumulate more bitcoin again.

Also, the third largest bitcoin whale on the market, an unknown investor with more than 110,000 BTC in his wallet, worth a staggering $5 billion, “bought the dip.” The investor bought 460 BTC on cryptocurrency exchange Coinbase, Whale Alert reported on Sept. 8:

Bought the dip

Nayib Bukele, the president of El Salvador, also bought the dip. In total, on September 7, he invested no less than 550 BTC, currently worth about $25.5 million. Whales have been accumulating BTC all summer. has enough information. Whale Alert is also currently reporting massive amounts of Ethereum (ETH) pouring out of exchanges, usually a very bullish sign for the price.

We see especially altcoins recover strongly after the crash. Many altcoins were up more than 20% this morning, however, several prices are correcting back down at the time of writing.

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Is Enjin [ENJ] on the cusp of a massive rally?

Just over 24 hours ago, Enjin announced that it was the first NFT company to be admitted to the United Nations Global Compact. The blockchain platform will now explore ways to use non-replaceable tokens to promote the UN’s sustainability and equity goals.

Undoubtedly, the blockchain company has already made remarkable strides in reducing the climate impact of NFTs through the development of its JumpNet blockchain. In addition, Enjin is also part of the Crypto Climate Accord and plans to run the crypto industry entirely on renewable energy by 2025. Enjin is undoubtedly doing good for the environment, but how good is his own state right now? Well, the altcoin’s on-chain data showed a few positives. Hoe werkt tradingview work?

1. Price DAA divergence

As can be seen from the attached chart, ENJ’s price-DAA divergence has been in the bullish zone since the beginning of this month. In fact, this metric tracks the relationship between the price of the alt and the number of daily addresses interacting with it.

As of going to press, the crypto was trading at $1.10 after falling 10.10% over the past week. The fall in the price of the alt, coupled with the rise in the number of active addresses, appeared to trigger a “buy” signal at the time of going to press.

However, ENJ’s recent price moves are proof that these kinds of differences have not always allowed the alt to outperform the market. Think of the phases between May 1 – May 11 and June 1 – June 11. Observing clearly shows that the altcoin was unable to grab higher trading targets despite a bullish divergence on the charts. Therefore, market participants should wait for the bullish signal to intensify further before entering ENJ’s arena.

2. Volume

Enjin’s volume peaked a few times in the second week of July, but eventually fell in the days that followed. On July 20, the volume of ENJ even estimated a value of 165.65 million, while in the second week of April it effortlessly crossed the 2 billion mark a few times.

While higher volumes do not always correspond to a price increase, it should be noted that ENJ’s recent increases have mainly been driven by high volumes. So, in order for the price of ENJ to bounce back, this metric would have to change course quickly. Komodo KMD has risen.

3. N/A Ratio

As can be seen from this chart, ENJ’s N/A (Network Value to Transaction) ratio has seen a significant increase in the past 24 hours. This increase was a sign that network value was starting to get too expensive and ENJ’s trading volumes would need to increase to balance the structure. This signal also underlined to some extent that ENJ’s price could subject itself to more corrections before finally rebounding.

Looking at the state of the above statistics, it can be concluded that it would take a little more time for ENJ to witness another rally on the charts.

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How does Facebook use a VPN? And which data do they collect from you while you don’t notice? Read all about it

By now, most people have realized that Facebook is very fond of collecting personal data. Your name, your age, where you are from, where you work, where you go on vacation; you name it. Facebook has already revealed the personal data of at least 87 million people. But apparently this wasn’t enough, because it has recently come to light that Facebook is paying 13- to 35-year-olds to install a VPN app that collects all the data it can get its hands on when you use a ExpressVPN free trial at Sverige.

Facebook Research VPN collects all your data

When you download the “Facebook Research” VPN (sometimes called “Project Atlas”), the app asks you to install “our Root Certificate”. By doing so, you give Facebook almost unlimited access to your cell phone. What you get in return is that Facebook pays you $20 dollars each month in gift cards. A VPN is supposed to protect your data and allow you to remain anonymous online. However, the Facebook Research app does exactly the opposite. Reportedly, the Facebook Research VPN collects data about:

      • your name, phone number and email address
      • the apps you have installed and how you use them
      • your phone provider
      • The brand and software of your phone
      • Your location

Your browsing habits

      • all your emails and private messages (including photos and videos you send)
      • Facebook has even asked users of the app to take screenshots of their Amazon order history. The reason Facebook collects all this data is, of course, to sell it to third parties. This allows those third parties to customize ads to specifically target a certain group of people that usar 7 VPNs para Netflix no Brasil

Banned in the App Store

An investigation by TechCrunch has exposed everything Project Atlas had to hide. It looks like Facebook intentionally tried to bypass Apple’s testing system. Facebook abused Apple’s app distribution system – which is for employees only – to evade the App Store because the app violates Apple’s guidelines. A few hours after the story was published, Apple removed the app from the App Store – even before Facebook could do so voluntarily. However, the app is still available for Android devices and will continue to collect the personal data of thousands of people for as long as they can.

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Ready To Give Up On Dating? Watch This…

I can’t tell you how many times a week someone online says to me: “Matthew, I’ve had enough. I’m just going to give up on dating altogether.”

It may be because they are sick of getting their heart broken. It may be that they are exhausted from going on dates that don’t go anywhere, or online conversations that never even get to the point of a date in the first place.

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