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‘Whale’ indicator that preceded 2020’s Bitcoin (BTC) crash is now back

A technical indicator that preceded a sudden Bitcoin drop in February 2020 is flashing the warning signs again.

‘Whale’ indicator that preceded 2020’s Bitcoin (BTC) crash is now back

Cover art/illustration via CryptoSlate

Bitcoin proponents and investors are (understandably) calling for a โ€˜supercycle,โ€™ with predictions of the world’s largest cryptocurrency by market cap reaching as high as $1 million in certain circles.

But that party could be spoiled if one technical indicator is to be considered.

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