The crypto market is set to face sharp miner capitulation as Bitcoin is set to crash after December 25!

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The crypto market has been limited recently, with no clear buying or selling pressure on Bitcoin’s price. Some indicators are also turning bearish which could potentially push the price down.

However, it is important to note that this period of consolidation does not necessarily indicate a bullish reversal. In fact, some analysts are predicting a major crypto market crash between December 25, 2022 and January 10, 2023. One should keep an eye on the developments and remain cautious in the face of such bearish predictions.

2/ I don’t know what will be the cause of the next crisis but it seems that rough waters lie ahead

Can’t say this will be a #Binance meltdown

But be advised, given what I see astrologically, I can’t rule it out either and would give it a 50/50 chance.

— We Give Crypto (@AstroCryptoGuru) December 18, 2022

He thinks the main reason for the crash could be the current FUD circulating around Binance which is expected to intensify in the coming days. Moreover, the real crisis may be when the price approaches the end of February or the middle of March.

Furthermore, the stagnant BTC price trend has forced miners to work under extreme losses. The BTC hash rate is constantly rising, forming new highs every day. It’s been over a month now, the price is trading below $20,000 and the real miners’ capitulation should start from now on.

Collectively, the price of Bitcoin (BTC) has been trading in a breakthrough phase for quite a while now and so now is the time for the crypto star to break through consolidation. In such a case, a jump beyond $20,000 is possible, or a new low can be expected immediately with the start of the new year 2023.

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