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

‘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 ‘supercycle,’ 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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