Staying calm throughout the weekend Bitcoin 
$90,306.27 Now it is testing the $88,000 support again. We mentioned that too many risks would suppress the price in the coming days and warned about the possible destruction that would be triggered by Japan. Now, BTC is at $88,700 again, hours before the weekly close.
Cryptocurrencies Will Fall
We have seen repeated attempts at $94,000 fail. If resistance tests fail and the price constantly falls to support, what we will probably see is the support being broken. Japan’s possible interest rate increase on Friday, future data on employment and inflation from the US, and the risk of MSCI delist decision for MSTR on January 15 feed the fear.
BTC It has been lingering in the shallow range for a long time and we should see a break in either direction. What is probably coming is volatility that will increase with the downside breakout. Crypto Tony said he would just watch for the breakout. Accordingly, you can take a position when one of the $ 90,600 and 89,800 levels is broken permanently.
For now, the support seems to be broken and if the sales accelerate, $81 thousand may be tested. Due to the concerns brought about by the events that will occur in the coming days, investors will probably have less appetite, which will make the job of the bulls difficult.
Bitcoin Will Drop to $50,000
The evaluation shared on CryptoQuant says that what the downward SMAs and the price converging under the important trend line promise us are deeper bottoms.
“Looking first at the Bitcoin chart, the price is clearly trading below the short, medium and long-term moving averages. The SMA(7-14-30) is sloping downwards and the price is positioned below the SMA(50-100), indicating a clear bearish trend. Price reactions are selling at the falling moving averages, which means these averages are turning into dynamic resistance levels. Attempts to move higher are occurring with low volume, indicating that buyers are powerless.”
During the rally, buyer volume is weak and Bitcoin remains bearish, while Ethereum 
$3,125.43 There is a similar view for . Buyer interest is limited and the uptrend is at least Bitcoin CryptoQuant analysts, who say that it is clearly over, believe that the target is 50 thousand dollars.
“Although buying interest is limited, it has not completely disappeared. Ethereumappears to be stronger compared to Bitcoin, but this strength is still insufficient to confirm a trend reversal. Considering the Binance charts together, Ethereum is clearly outperforming Bitcoin. However, the market has not yet entered a risky phase. The long-term moving averages remain bearish, reactions remain below the resistance level, and volume is insufficient to support a sustained rise. For now, the rise in Bitcoin appears to be over. “A deeper bear market phase is likely before the next major upward move, potentially towards the $50,000 level.”
