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Bitcoin has lagged gold on recent moves in 2020 and it has also consolidated more than usual. To some traders, this is a sign of a maturing market. To some other ones, it is a sign of “fatigue” – a bearish concept before a drop happens.
Nevertheless, a close look at the Whale Index explains pretty much what happened in 2017 when Bitcoin surged to almost $20,000 and also what happened in 2020 so far.…
The post The Whale Index and the Price of Bitcoin appeared first on Vantage Point Trading.
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