Bitcoin BTC/USD slides to $19K amid a key bullish indicator

• Bitcoin has fallen back to $19,000 after strong job numbers.

• Economist Alex Krüger says Bitcoin is flashing a key volatility index that precedes major moves.

• Bitcoin trades at a support, and price action will depend on price data.

Bitcoin BTC/USD has flashed a key indicator that, historically, can predict explosive market moves. The views are according to renowned economist Alex Krüger. He has 146,200 followers on Twitter, making him one of the most followed economists. It is for this reason that his recent sentiments around Bitcoin draw attention.

Krüger has been monitoring the Bitcoin volatility index or BVOL. The index uses a weighted average price to measure Bitcoin’s volatility on a 30-day annualised basis. The economist says