Bitcoin had everybody excited at the start of this week as it blew through its long-standing resistance with a huge 22% (+/-) gain against the US dollar, in response to Tether’s price unpegging from its $1 ‘stable’ value. In a matter of hours the #1 cryptocurrency was able to soar to $7,800 from $6,380, as traders sharply exited out of the collapsing USDT coin into BTC to secure their funds. However, Bitcoin’s position at its new price point was unlikely to last for long and after a heavy correction it quickly plummeted back below the strong resistance at $6,800.