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The weakness of the encrypted market deepened as the market approached the weekend, with a total market capitalization of less than $ 120 billion. The market seems to lose momentum and the downward trend should continue for a longer period than expected.
I think the rally of this year will be fueled by some strong regulatory measures that will clarify the air on the legal status of Bitcoin and other cryptocurrencies.
Bitcoin
Bitcoin in the last week has reached the level of $ 3,500 and is currently witnessing some purchases from the lower levels, trying to reach the level of $ 3800. Bitcoin in the next sessions could consolidate between the $ 3200 and $ 3,500 level , from $ 3,500 to $ 3,800 and $ 3,800 and $ 4000.
As long as the market does not exceed the 50-day EMA slope, which is the first major resistance point, sales pressure will continue.
Ripple (XRP)
Ripple continued to trade with a downward force during the last week, but the downside was less aggressive than other currencies. Ripple is currently in second place in the market capitalization ranking and the XRP / USD pair will likely continue to sell pressure. The $ 0.28 level below is a strong support, and the pair rebounded higher each time after reaching there. The $ 0.35 level above has some resistance and a break above could send the pair to the $ 0.40 level.
Ethereum (ETH)
Ethereum was extremely negative during the last week as it slipped to third place in the market capitalization ranking and now trades below the $ 120 level. The market continues to be extremely noisy around the 50-day EMA and to keep moving higher up, it must break both the 50-day EMA and the psychological psychological level of $ 150.
The next sessions will be quite volatile while Ethereum implements the fork of Constantinople on January 16, which will pave the way for the implementation of the PoS consensus system. The next major support for the ETH / USD pair is at $ 100.
Bitcoin money
Bitcoin liquidity fell about 25% in the last week from $ 160 to $ 120. The market currently hovers around the $ 125 level, but if it breaks below the $ 120 level, then support highest is at the end of level 110 and $ 80.
I think the sales pressure will continue and as long as it does not exceed the $ 140 level, traders would like to go long on the BCH / USD pair.
EOS
EOS in the last week broke off under the upward channel and broke below the 50 and 200 day EMA lines, which is a very negative development. In addition, the 50-day EMA broke below the 200-day ETMA, which is referred to as Death Cross and indicates a long-term weakness in the EOS / USD pair. 
If the pair fails to break the $ 2.40 level, further sales will continue in the market and reach $ 1.80, which is a great help.
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