A cryptoanalyst predicts a shakeout in 2022, forecasting that January would have a negative impact on Bitcoin’s technical standing

According to Alex Kruger, a crypto analyst-cum-economist, the cryptocurrency market may be in for a shakeout in 2022. This, he says, is in line with the recent market correction, which pulled the Bitcoin price to intraday lows of $42,470, with longs worth millions of dollars liquidated. Alex Krüger (@krugermacro) January 6, 2022

In response to a market participant who had asked if he was still bullish on January, the analyst gave a mixed answer, stating that January will likely depend on the data. December’s non-farm payrolls, which will be released on Friday, might grant insight into the health of the U.S. labor market and wage growth.

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