Price is struggling at 6550 at the moment.
There are lots of buy orders above $6500.
If the price can stay above $6500, it is still possible for btc to continue its bullish move.
Although the pump may be due to USDT depreciation , we should bear in mind that if btc don't fall back to the starting point of the huge pump ($6300), there may be someone else buying bitcoin for other reasons than the depreciation of usdt which may be the catalysts of the new crypto bull market.