Mitoshi on BTC's recent upswing

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In the wake of the currency war between Chinese Yuan and US Dollar, BTC attempts to break its immediate resistance at the $12,000 level. Has this spike been brought about by the two superpower's currency rivalry or is BTC simply following it's price movement bee-lining the third wave and that these are normal upswings after a technical market correction?

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Mitoshi on BTC's recent upswing | Ecency