Bitcoin (BTC) Bull Run was Recently Validated by This Technical Signal

Earlier this week, legendary gold investor Peter Schiff claimed Bitcoin (BTC) has been experiencing a “sucker’s rally”. In an impassioned tweet, the hard money advocate — who has, for some reason, taken a disliking towards supply-capped and decentralized cryptocurrencies — postulated that due to the fact that the “bubble has already burst” for Bitcoin, this upswing is unlikely to continue.

Others have also made similar suggestions, asking if BTC’s recent move past $10,000 was “one final pump” before the “Ponzi scheme” collapses. You see, cynics have claimed that this move higher is entirely manipulated, specifically citing the correlation between the growth in Tether’s (USDT) market capitalization and BTC.

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