Is this Christmas going to turn into a "day of disaster"? Is the cryptocurrency market going to experience another epic crash?

From past experiences, Christmas has been the "curse period" for the cryptocurrency market, with several severe crashes.

Take the Christmas of 2017, for example, where Bitcoin's surge was absolutely insane, skyrocketing to nearly $20,000 on December 17th, an increase of more than 23 times over the year, with the entire market going wild with speculative trading. But who would have thought that starting December 22nd, Bitcoin would start to slide down like on a slippery slope, suddenly plummeting by over 25% in just one day, dropping from $16,000 to below $12,000, with a low touch of $11,000. By Christmas Day, December 25th, the quotes on Coinbase were still hovering around $14,000, which was over a 30% drop from the peak.

Looking at Christmas 2018, that year Bitcoin plunged from about $17,000 at the start of the year to around $3,000 by the end, with an annual decline of over 80%, nearly wiping out market confidence. Starting from mid-November, Bitcoin accelerated its downward trend, breaking the crucial support level of $6,000 on November 14th, and plummeting further to around $3,100 in December. During those Christmas days, the prices remained lifeless, and the market was filled with a pessimistic atmosphere.

The current situation really makes one feel anxious, could history be repeating itself?

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